Wealth Architects LLC Acquires 38 Shares of Invesco QQQ (NASDAQ:QQQ)

Wealth Architects LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,416 shares of the exchange traded fund’s stock after acquiring an additional 38 shares during the quarter. Wealth Architects LLC’s holdings in Invesco QQQ were worth $1,235,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. Arrien Investments Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter valued at $427,000. Cassady Schiller Wealth Management LLC boosted its stake in shares of Invesco QQQ by 1.9% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 2,190 shares of the exchange traded fund’s stock valued at $1,120,000 after purchasing an additional 41 shares during the last quarter. TCTC Holdings LLC boosted its stake in shares of Invesco QQQ by 9.6% in the 4th quarter. TCTC Holdings LLC now owns 2,444 shares of the exchange traded fund’s stock valued at $1,249,000 after purchasing an additional 215 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Invesco QQQ by 7.4% in the 4th quarter. Signaturefd LLC now owns 6,863 shares of the exchange traded fund’s stock valued at $3,509,000 after purchasing an additional 471 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Invesco QQQ by 1.2% in the 4th quarter. Parallel Advisors LLC now owns 46,090 shares of the exchange traded fund’s stock valued at $23,563,000 after purchasing an additional 559 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 2.4 %

Invesco QQQ stock opened at $479.66 on Monday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm’s fifty day moving average is $514.89 and its 200 day moving average is $504.08. The company has a market capitalization of $302.59 billion, a PE ratio of 30.74 and a beta of 1.11.

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 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.