Ascent Wealth Partners LLC Buys 734 Shares of Invesco QQQ (NASDAQ:QQQ)

Ascent Wealth Partners LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,979 shares of the exchange traded fund’s stock after buying an additional 734 shares during the quarter. Invesco QQQ accounts for 6.5% of Ascent Wealth Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Ascent Wealth Partners LLC’s holdings in Invesco QQQ were worth $48,556,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. Delap Wealth Advisory LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $744,000. Cabot Wealth Management Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $239,000. Sigma Investment Counselors Inc. raised its position in shares of Invesco QQQ by 4.2% during the fourth quarter. Sigma Investment Counselors Inc. now owns 22,049 shares of the exchange traded fund’s stock worth $11,272,000 after purchasing an additional 886 shares during the period. MONECO Advisors LLC grew its holdings in Invesco QQQ by 11.8% during the fourth quarter. MONECO Advisors LLC now owns 9,043 shares of the exchange traded fund’s stock worth $4,623,000 after buying an additional 957 shares in the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC bought a new stake in Invesco QQQ during the fourth quarter worth $223,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.1 %

Shares of Invesco QQQ stock opened at $526.08 on Friday. The stock has a fifty day simple moving average of $523.39 and a 200 day simple moving average of $501.12. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.