BCS Wealth Management Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

BCS Wealth Management increased its stake in Invesco QQQ (NASDAQ:QQQ) by 16.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,492 shares of the exchange traded fund’s stock after acquiring an additional 1,206 shares during the quarter. Invesco QQQ makes up about 1.1% of BCS Wealth Management’s portfolio, making the stock its 23rd biggest holding. BCS Wealth Management’s holdings in Invesco QQQ were worth $4,341,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Rathbones Group PLC boosted its stake in shares of Invesco QQQ by 4.3% in the second quarter. Rathbones Group PLC now owns 32,665 shares of the exchange traded fund’s stock worth $15,650,000 after acquiring an additional 1,335 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Invesco QQQ by 23.5% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 14,557 shares of the exchange traded fund’s stock valued at $6,974,000 after purchasing an additional 2,768 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in Invesco QQQ in the 2nd quarter valued at $26,557,000. Capital Wealth Planning LLC boosted its stake in Invesco QQQ by 58.9% during the 2nd quarter. Capital Wealth Planning LLC now owns 17,470 shares of the exchange traded fund’s stock worth $8,370,000 after purchasing an additional 6,474 shares during the last quarter. Finally, Black Diamond Financial LLC grew its holdings in shares of Invesco QQQ by 8.0% during the second quarter. Black Diamond Financial LLC now owns 5,184 shares of the exchange traded fund’s stock worth $2,484,000 after buying an additional 383 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ opened at $505.56 on Tuesday. Invesco QQQ has a twelve month low of $402.92 and a twelve month high of $539.15. The firm’s 50-day moving average price is $515.32 and its 200 day moving average price is $491.29.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.