Root Financial Partners LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Root Financial Partners LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,461 shares of the exchange traded fund’s stock after buying an additional 1,164 shares during the quarter. Invesco QQQ makes up about 0.5% of Root Financial Partners LLC’s portfolio, making the stock its 22nd biggest position. Root Financial Partners LLC’s holdings in Invesco QQQ were worth $4,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. Toronto Dominion Bank boosted its stake in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Cibc World Market Inc. increased its holdings in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after buying an additional 324,948 shares during the period. Finally, Empirical Asset Management LLC raised its stake in Invesco QQQ by 15,676.3% in the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after buying an additional 201,597 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $535.90 on Friday. The business has a fifty day moving average of $521.86 and a two-hundred day moving average of $497.08. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid 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.