Mindset Wealth Management LLC Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

Mindset Wealth Management LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,623 shares of the exchange traded fund’s stock after buying an additional 178 shares during the quarter. Invesco QQQ accounts for approximately 0.3% of Mindset Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Mindset Wealth Management LLC’s holdings in Invesco QQQ were worth $830,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Stephens Consulting LLC raised its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after buying an additional 19 shares in the last quarter. Cardinal Point Capital Management ULC raised its position in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares in the last quarter. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Farmers & Merchants Investments Inc. raised its position in Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 20 shares during the period. Finally, RAM Investment Partners LLC raised its position in Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $479.26 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The firm has a market capitalization of $302.05 billion, a P/E ratio of 30.74 and a beta of 1.11. The company’s 50-day moving average is $511.83 and its 200 day moving average is $503.82.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders 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.