Capital Wealth Alliance LLC Has $2.85 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Capital Wealth Alliance LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 58.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,577 shares of the exchange traded fund’s stock after acquiring an additional 2,056 shares during the quarter. Invesco QQQ accounts for approximately 1.6% of Capital Wealth Alliance LLC’s investment portfolio, making the stock its 16th biggest position. Capital Wealth Alliance LLC’s holdings in Invesco QQQ were worth $2,851,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the period. Socha Financial Group LLC grew its holdings in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after acquiring an additional 2,171 shares during the period. NRI Wealth Management LC bought a new position in shares of Invesco QQQ in the 4th quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC grew its stake in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.2 %

Shares of QQQ stock opened at $529.25 on Tuesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The firm has a 50 day moving average of $521.26 and a 200-day moving average of $495.90.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.