Sanchez Wealth Management Group Has $21.22 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Sanchez Wealth Management Group grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,513 shares of the exchange traded fund’s stock after acquiring an additional 3,688 shares during the quarter. Invesco QQQ accounts for approximately 5.8% of Sanchez Wealth Management Group’s investment portfolio, making the stock its 6th biggest position. Sanchez Wealth Management Group’s holdings in Invesco QQQ were worth $21,222,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of QQQ. Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% during the fourth 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. Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% during the third 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 period. BNP Paribas bought a new stake in Invesco QQQ during the third quarter worth about $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ during the fourth quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $522.92 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock has a 50-day moving average price of $521.26 and a two-hundred day moving average price of $495.57.

Invesco QQQ Dividend Announcement

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