Venturi Wealth Management LLC Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

Venturi Wealth Management LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 34.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,648 shares of the exchange traded fund’s stock after buying an additional 1,191 shares during the period. Venturi Wealth Management LLC’s holdings in Invesco QQQ were worth $2,376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. PayPay Securities Corp raised its stake in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $37,000. Hoese & Co LLP raised its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC lifted its stake 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 last quarter. Finally, BNP Paribas acquired a new position in Invesco QQQ in the third quarter worth $62,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.4 %

QQQ opened at $538.15 on Tuesday. The company’s 50-day moving average price is $522.38 and its 200 day moving average price is $498.34. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared 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 of this dividend 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.