Invesco QQQ (NASDAQ:QQQ) Position Boosted by Ritholtz Wealth Management

Ritholtz Wealth Management grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 23.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 391,256 shares of the exchange traded fund’s stock after acquiring an additional 73,060 shares during the period. Invesco QQQ comprises about 6.2% of Ritholtz Wealth Management’s investment portfolio, making the stock its 3rd biggest position. Ritholtz Wealth Management owned about 0.07% of Invesco QQQ worth $160,227,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QQQ. Ironwood Wealth Management LLC. lifted its position in shares of Invesco QQQ by 7.4% in the first quarter. Ironwood Wealth Management LLC. now owns 5,505 shares of the exchange traded fund’s stock valued at $1,996,000 after acquiring an additional 381 shares in the last quarter. Axiom Financial Strategies LLC lifted its position in shares of Invesco QQQ by 11.6% in the first quarter. Axiom Financial Strategies LLC now owns 816 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 85 shares in the last quarter. Roundview Capital LLC lifted its position in shares of Invesco QQQ by 0.9% in the first quarter. Roundview Capital LLC now owns 53,323 shares of the exchange traded fund’s stock worth $19,332,000 after buying an additional 495 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Invesco QQQ by 11.2% in the first quarter. Brown Brothers Harriman & Co. now owns 2,750 shares of the exchange traded fund’s stock worth $997,000 after buying an additional 278 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Invesco QQQ by 309.2% in the first quarter. Covestor Ltd now owns 446 shares of the exchange traded fund’s stock worth $162,000 after buying an additional 337 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.2 %

NASDAQ QQQ traded down $0.82 during trading hours on Thursday, hitting $444.01. 36,607,437 shares of the company were exchanged, compared to its average volume of 44,988,266. The stock has a 50-day moving average price of $433.84 and a 200 day moving average price of $399.66. Invesco QQQ has a 52 week low of $309.89 and a 52 week high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.52%.

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.