Asset One Wealth Management LLC Makes New Investment in Invesco QQQ $QQQ

Asset One Wealth Management LLC acquired a new position in Invesco QQQ (NASDAQ:QQQFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 43,072 shares of the exchange traded fund’s stock, valued at approximately $26,969,000. Invesco QQQ accounts for approximately 3.7% of Asset One Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Well Done LLC lifted its stake in Invesco QQQ by 0.5% in the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after buying an additional 16 shares during the last quarter. Tenon Financial LLC lifted its stake in Invesco QQQ by 2.2% in the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock valued at $494,000 after buying an additional 17 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Invesco QQQ by 1.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock valued at $625,000 after buying an additional 17 shares during the last quarter. Cascade Investment Group Inc. lifted its stake in Invesco QQQ by 4.6% in the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock valued at $238,000 after buying an additional 17 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management lifted its stake in Invesco QQQ by 3.0% in the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 17 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Trading Down 1.0%

QQQ stock opened at $722.51 on Thursday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The stock’s fifty day moving average is $689.67 and its two-hundred day moving average is $637.91.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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