Invesco QQQ (NASDAQ:QQQ) Stake Boosted by TrueWealth Advisors LLC

TrueWealth Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,899 shares of the exchange traded fund’s stock after buying an additional 1,323 shares during the period. Invesco QQQ comprises about 3.4% of TrueWealth Advisors LLC’s holdings, making the stock its 4th biggest position. TrueWealth Advisors LLC’s holdings in Invesco QQQ were worth $10,173,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares during the period. Granite Bay Wealth Management LLC increased its position in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after buying an additional 894,532 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco QQQ by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after acquiring an additional 338,494 shares during the period. Finally, Empirical Asset Management LLC grew its stake in Invesco QQQ by 15,676.3% during the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock valued at $103,720,000 after acquiring an additional 201,597 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

Invesco QQQ stock opened at $521.74 on Friday. The firm’s 50 day simple moving average is $515.79 and its 200 day simple moving average is $491.80. Invesco QQQ has a 1-year low of $409.16 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Profile

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.