RMR Wealth Builders Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)
by Doug Wharley · The Cerbat GemRMR Wealth Builders lifted its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,446 shares of the exchange traded fund’s stock after purchasing an additional 131 shares during the quarter. Invesco QQQ accounts for about 0.6% of RMR Wealth Builders’ holdings, making the stock its 26th largest holding. RMR Wealth Builders’ holdings in Invesco QQQ were worth $5,852,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its stake in Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after acquiring an additional 11,351 shares during the period. Socha Financial Group LLC boosted its holdings in Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after acquiring an additional 2,171 shares in the last quarter. NRI Wealth Management LC purchased a new position in Invesco QQQ during the 4th quarter valued at $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its holdings in Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Down 1.5 %
Shares of QQQ traded down $7.64 during trading hours on Friday, reaching $507.63. 39,865,654 shares of the company traded hands, compared to its average volume of 34,781,039. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The company’s fifty day moving average price is $514.52 and its two-hundred day moving average price is $490.73.
Invesco QQQ Dividend Announcement
The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.
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