Red Tortoise LLC Acquires 49 Shares of Invesco QQQ (NASDAQ:QQQ)

Red Tortoise LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 47.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153 shares of the exchange traded fund’s stock after buying an additional 49 shares during the period. Red Tortoise LLC’s holdings in Invesco QQQ were worth $78,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of QQQ. Cook Wealth LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $224,000. CFM Wealth Partners LLC grew its position in shares of Invesco QQQ by 0.7% during the 4th quarter. CFM Wealth Partners LLC now owns 17,334 shares of the exchange traded fund’s stock worth $8,862,000 after buying an additional 125 shares during the period. CCG Wealth Management LLC increased its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. CCG Wealth Management LLC now owns 8,481 shares of the exchange traded fund’s stock valued at $4,336,000 after acquiring an additional 25 shares during the last quarter. Alterna Wealth Management Inc. raised its position in shares of Invesco QQQ by 126.6% in the 4th quarter. Alterna Wealth Management Inc. now owns 6,669 shares of the exchange traded fund’s stock valued at $3,409,000 after acquiring an additional 3,726 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in Invesco QQQ by 14.5% during the 4th quarter. CENTRAL TRUST Co now owns 25,965 shares of the exchange traded fund’s stock worth $13,274,000 after acquiring an additional 3,285 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $522.29 on Monday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The firm has a 50 day moving average price of $519.55 and a 200 day moving average price of $494.12.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company 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.