Gainplan LLC Makes New $54.66 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Gainplan LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 106,925 shares of the exchange traded fund’s stock, valued at approximately $54,663,000. Invesco QQQ comprises about 20.7% of Gainplan LLC’s holdings, making the stock its 2nd largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. BNP Paribas bought a new position in shares of Invesco QQQ in the third quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE grew its position in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at $76,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Invesco QQQ during the 3rd quarter worth about $91,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $505.08 on Wednesday. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15. The business has a 50-day simple moving average of $515.57 and a two-hundred day simple moving average of $491.47.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.