Wealthspire Advisors LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Wealthspire Advisors LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 131,223 shares of the exchange traded fund’s stock after purchasing an additional 1,702 shares during the quarter. Invesco QQQ accounts for approximately 0.7% of Wealthspire Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Wealthspire Advisors LLC’s holdings in Invesco QQQ were worth $67,085,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. PayPay Securities Corp raised its position in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP raised its position in shares of Invesco QQQ by 32.3% in the fourth 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 period. Legacy Bridge LLC raised its position in shares of Invesco QQQ by 60.0% during the 3rd 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. Finally, BNP Paribas acquired a new position in shares of Invesco QQQ during the 3rd quarter worth about $62,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $526.08 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The company has a 50-day moving average price of $523.39 and a 200 day moving average price of $501.12.

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 issued 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.