Invesco QQQ (NASDAQ:QQQ) Holdings Raised by Kaydan Wealth Management Inc.

Kaydan Wealth Management Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,732 shares of the exchange traded fund’s stock after acquiring an additional 40 shares during the quarter. Invesco QQQ makes up about 1.1% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 16th largest position. Kaydan Wealth Management Inc.’s holdings in Invesco QQQ were worth $3,442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in Invesco QQQ in the 3rd quarter valued at about $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ during the 4th quarter worth $69,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in 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 acquiring an additional 63 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

Shares of QQQ stock opened at $521.74 on Monday. The stock has a 50-day moving average of $515.94 and a 200-day moving average of $492.11. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15.

Invesco QQQ Announces Dividend

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