Abound Wealth Management Grows Position in Invesco QQQ (NASDAQ:QQQ)

Abound Wealth Management boosted its position in Invesco QQQ (NASDAQ:QQQ) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,848 shares of the exchange traded fund’s stock after purchasing an additional 50 shares during the quarter. Invesco QQQ makes up 0.5% of Abound Wealth Management’s portfolio, making the stock its 27th biggest position. Abound Wealth Management’s holdings in Invesco QQQ were worth $1,456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas purchased a new position in Invesco QQQ in the 3rd quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE lifted its position in Invesco QQQ by 75.9% in the 3rd 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 in the last quarter. Providence Capital Advisors LLC purchased a new stake in Invesco QQQ during the 2nd quarter valued at $76,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Invesco QQQ in the third quarter worth $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.6 %

Shares of Invesco QQQ stock traded down $3.11 during trading on Monday, hitting $504.08. 24,871,088 shares of the company’s stock traded hands, compared to its average volume of 33,356,918. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15. The business has a 50-day simple moving average of $514.92 and a 200-day simple moving average of $491.12.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.