Founders Grove Wealth Partners LLC Purchases Shares of 529 Invesco QQQ (NASDAQ:QQQ)

Founders Grove Wealth Partners LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 529 shares of the exchange traded fund’s stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Bradley Foster & Sargent Inc. CT lifted its stake in Invesco QQQ by 4.4% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 17,390 shares of the exchange traded fund’s stock worth $8,332,000 after purchasing an additional 728 shares in the last quarter. Wealth Alliance lifted its position in shares of Invesco QQQ by 2.8% in the second quarter. Wealth Alliance now owns 1,324 shares of the exchange traded fund’s stock worth $634,000 after buying an additional 36 shares in the last quarter. Purus Wealth Management LLC lifted its position in shares of Invesco QQQ by 9.6% in the second quarter. Purus Wealth Management LLC now owns 8,575 shares of the exchange traded fund’s stock worth $4,108,000 after buying an additional 748 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Invesco QQQ by 9.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after buying an additional 125 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in Invesco QQQ by 6.3% during the 2nd quarter. Blair William & Co. IL now owns 225,762 shares of the exchange traded fund’s stock valued at $108,165,000 after buying an additional 13,465 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $516.67 on Thursday. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15. The company’s fifty day moving average is $515.57 and its 200 day moving average is $491.47.

Invesco QQQ Dividend Announcement

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