Invesco QQQ (NASDAQ:QQQ) is Global Wealth Management Investment Advisory Inc.’s 2nd Largest Position

Global Wealth Management Investment Advisory Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,295 shares of the exchange traded fund’s stock after selling 111 shares during the period. Invesco QQQ makes up approximately 3.4% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 2nd largest holding. Global Wealth Management Investment Advisory Inc.’s holdings in Invesco QQQ were worth $13,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. 180 Wealth Advisors LLC increased its stake in Invesco QQQ by 1.2% in the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund’s stock worth $870,000 after purchasing an additional 29 shares during the period. Bank Hapoalim BM increased its stake in shares of Invesco QQQ by 6.3% during the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock valued at $31,669,000 after buying an additional 4,549 shares during the period. Goodwin Daniel L increased its stake in shares of Invesco QQQ by 76.1% during the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund’s stock valued at $2,069,000 after buying an additional 2,495 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock valued at $1,530,696,000 after buying an additional 243,305 shares during the period. Finally, VitalStone Financial LLC boosted its position in Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock valued at $8,099,000 after purchasing an additional 16,079 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock traded down $2.79 during trading on Wednesday, reaching $421.80. 16,841,254 shares of the company traded hands, compared to its average volume of 45,554,871. Invesco QQQ has a 12 month low of $315.11 and a 12 month high of $449.34. The business has a 50 day simple moving average of $436.86 and a 200 day simple moving average of $411.54.

Invesco QQQ Dividend Announcement

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

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.