Invesco QQQ (NASDAQ:QQQ) Stake Increased by Alterna Wealth Management Inc.

Alterna Wealth Management Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 126.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,669 shares of the exchange traded fund’s stock after acquiring an additional 3,726 shares during the period. Invesco QQQ comprises approximately 2.9% of Alterna Wealth Management Inc.’s portfolio, making the stock its 10th largest position. Alterna Wealth Management Inc.’s holdings in Invesco QQQ were worth $3,409,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the third quarter worth $62,000. Brooklyn Investment Group purchased a new stake in Invesco QQQ during the fourth quarter valued at about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1 %

QQQ opened at $522.29 on Monday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The business’s 50-day moving average price is $519.55 and its 200-day moving average price is $494.12.

Invesco QQQ Dividend Announcement

The business also recently declared 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 was Monday, December 23rd.

Invesco QQQ Company 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.