Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Financial Network Wealth Management LLC

by · The Markets Daily

Financial Network Wealth Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,210 shares of the exchange traded fund’s stock after acquiring an additional 829 shares during the quarter. Invesco QQQ comprises approximately 5.2% of Financial Network Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Financial Network Wealth Management LLC’s holdings in Invesco QQQ were worth $11,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC boosted its stake in shares of Invesco QQQ by 156,045.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock valued at $11,580,806,000 after purchasing an additional 43,463,232 shares during the last quarter. Morgan Stanley boosted its stake in shares of Invesco QQQ by 10.0% in the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock valued at $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Invesco QQQ by 296.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,523,694 shares of the exchange traded fund’s stock worth $3,887,663,000 after acquiring an additional 7,868,131 shares during the last quarter. Barclays PLC boosted its stake in Invesco QQQ by 113.5% during the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock worth $2,134,368,000 after acquiring an additional 48,423,350 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after acquiring an additional 52,019 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Invesco QQQ Stock Down 1.2 %

Invesco QQQ stock traded down $5.22 during midday trading on Friday, hitting $433.92. 73,069,824 shares of the stock were exchanged, compared to its average volume of 46,198,109. The company has a fifty day simple moving average of $428.22 and a two-hundred day simple moving average of $396.04. Invesco QQQ has a 52 week low of $297.19 and a 52 week high of $448.64.

Invesco QQQ Announces Dividend

The company also recently disclosed a None dividend, which was paid on Monday, January 15th. Investors of record on Thursday, December 28th were paid a dividend of $0.2158 per share. The ex-dividend date of this dividend was Wednesday, December 27th.

Invesco QQQ Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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