Summit Wealth Partners LLC Decreases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Summit Wealth Partners LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,249 shares of the exchange traded fund’s stock after selling 1,361 shares during the period. Invesco QQQ accounts for 3.9% of Summit Wealth Partners LLC’s portfolio, making the stock its 5th largest holding. Summit Wealth Partners LLC’s holdings in Invesco QQQ were worth $19,043,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Crewe Advisors LLC raised its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Crewe Advisors LLC now owns 19,054 shares of the exchange traded fund’s stock valued at $9,741,000 after purchasing an additional 85 shares during the period. Jackson Grant Investment Advisers Inc. raised its position in shares of Invesco QQQ by 83.6% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 2,853 shares of the exchange traded fund’s stock valued at $1,459,000 after purchasing an additional 1,299 shares during the period. Foguth Wealth Management LLC. grew its stake in Invesco QQQ by 7.2% during the fourth quarter. Foguth Wealth Management LLC. now owns 7,257 shares of the exchange traded fund’s stock valued at $3,843,000 after acquiring an additional 489 shares in the last quarter. Quattro Financial Advisors LLC grew its stake in Invesco QQQ by 7.0% during the fourth quarter. Quattro Financial Advisors LLC now owns 532 shares of the exchange traded fund’s stock valued at $272,000 after acquiring an additional 35 shares in the last quarter. Finally, Berkshire Money Management Inc. grew its stake in Invesco QQQ by 0.4% during the fourth quarter. Berkshire Money Management Inc. now owns 153,808 shares of the exchange traded fund’s stock valued at $78,631,000 after acquiring an additional 585 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.5 %

QQQ opened at $526.85 on Thursday. The company has a fifty day moving average of $520.08 and a 200 day moving average of $494.82. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently disclosed 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 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.