Variant Private Wealth LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Variant Private Wealth LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,081 shares of the exchange traded fund’s stock, valued at approximately $553,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. boosted its position in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the period. Beese Fulmer Investment Management Inc. boosted its position in shares of Invesco QQQ by 6.7% in the third quarter. Beese Fulmer Investment Management Inc. now owns 993 shares of the exchange traded fund’s stock worth $485,000 after purchasing an additional 62 shares during the period. Greystone Financial Group LLC boosted its position in shares of Invesco QQQ by 81.9% in the third quarter. Greystone Financial Group LLC now owns 5,271 shares of the exchange traded fund’s stock worth $2,572,000 after purchasing an additional 2,374 shares during the period. Asset Planning Services Inc. LA ADV boosted its position in shares of Invesco QQQ by 8.1% in the third quarter. Asset Planning Services Inc. LA ADV now owns 922 shares of the exchange traded fund’s stock worth $450,000 after purchasing an additional 69 shares during the period. Finally, Grimes & Company Inc. boosted its position in shares of Invesco QQQ by 2.2% in the third quarter. Grimes & Company Inc. now owns 6,340 shares of the exchange traded fund’s stock worth $3,094,000 after purchasing an additional 139 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.1 %

QQQ opened at $526.08 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a 50 day simple moving average of $523.39 and a two-hundred day simple moving average of $500.70.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. 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.