FFT Wealth Management LLC Purchases 759 Shares of Invesco QQQ (NASDAQ:QQQ)

FFT Wealth Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,310 shares of the exchange traded fund’s stock after buying an additional 759 shares during the period. Invesco QQQ makes up 0.4% of FFT Wealth Management LLC’s holdings, making the stock its 28th biggest position. FFT Wealth Management LLC’s holdings in Invesco QQQ were worth $5,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Harbor Capital Advisors Inc. bought a new position in shares of Invesco QQQ in the third quarter worth $173,000. Chevy Chase Trust Holdings LLC increased its holdings in Invesco QQQ by 8.0% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 4,457 shares of the exchange traded fund’s stock valued at $1,597,000 after buying an additional 329 shares during the period. Pettinga Financial Advisors LLC raised its position in shares of Invesco QQQ by 1.2% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 14,844 shares of the exchange traded fund’s stock valued at $5,318,000 after buying an additional 180 shares in the last quarter. Robbins Farley raised its position in shares of Invesco QQQ by 6.6% in the 3rd quarter. Robbins Farley now owns 18,690 shares of the exchange traded fund’s stock valued at $6,696,000 after buying an additional 1,155 shares in the last quarter. Finally, Bank Hapoalim BM lifted its holdings in shares of Invesco QQQ by 82.1% during the 3rd quarter. Bank Hapoalim BM now owns 72,784 shares of the exchange traded fund’s stock worth $26,076,000 after acquiring an additional 32,816 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $3.07 during mid-day trading on Wednesday, reaching $421.52. The stock had a trading volume of 51,073,630 shares, compared to its average volume of 45,980,734. Invesco QQQ has a 12 month low of $315.11 and a 12 month high of $449.34. The stock has a market capitalization of $246.57 billion, a PE ratio of 34.49 and a beta of 1.30. The stock has a 50-day simple moving average of $436.86 and a two-hundred day simple moving average of $411.54.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%.

Invesco QQQ Profile

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.