GenWealth Group Inc. Purchases 1,063 Shares of Invesco QQQ (NASDAQ:QQQ)

GenWealth Group Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,021 shares of the exchange traded fund’s stock after buying an additional 1,063 shares during the period. Invesco QQQ accounts for approximately 4.4% of GenWealth Group Inc.’s investment portfolio, making the stock its 9th largest holding. GenWealth Group Inc.’s holdings in Invesco QQQ were worth $19,437,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ in the 4th quarter valued at $69,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares during the period. Finally, Pacifica Partners Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth $73,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $521.74 on Monday. Invesco QQQ has a 1 year low of $409.16 and a 1 year high of $539.15. The business has a 50-day moving average of $515.94 and a two-hundred day moving average of $492.11.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.