Invesco QQQ Trust (NASDAQ:QQQ) Shares Purchased by Masso Torrence Wealth Management Inc.

Masso Torrence Wealth Management Inc. grew its holdings in Invesco QQQ Trust (NASDAQ:QQQ) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,928 shares of the exchange traded fund’s stock after buying an additional 2,876 shares during the quarter. Invesco QQQ Trust makes up 5.0% of Masso Torrence Wealth Management Inc.’s portfolio, making the stock its 5th largest position. Masso Torrence Wealth Management Inc.’s holdings in Invesco QQQ Trust were worth $7,342,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Red Tortoise LLC increased its stake in shares of Invesco QQQ Trust by 370.0% in the 4th quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares during the period. Friedenthal Financial acquired a new stake in Invesco QQQ Trust in the fourth quarter worth about $41,000. Bear Mountain Capital Inc. bought a new stake in Invesco QQQ Trust during the 4th quarter worth about $42,000. Core Wealth Advisors Inc. lifted its position in Invesco QQQ Trust by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the period. Finally, Blume Capital Management Inc. lifted its position in Invesco QQQ Trust by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 3,500 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trust Stock Performance

Shares of Invesco QQQ Trust stock traded up $0.18 on Wednesday, hitting $425.25. 26,006,650 shares of the company’s stock traded hands, compared to its average volume of 45,751,711. Invesco QQQ Trust has a one year low of $309.89 and a one year high of $449.34. The firm’s 50-day moving average price is $437.20 and its two-hundred day moving average price is $409.44.

Invesco QQQ Trust Dividend Announcement

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

About Invesco QQQ Trust

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.