Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 58.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,467 shares of the exchange traded fund’s stock after purchasing an additional 49,699 shares during the quarter. Invesco QQQ comprises about 1.2% of Merit Financial Group LLC’s holdings, making the stock its 18th biggest holding. Merit Financial Group LLC’s holdings in Invesco QQQ were worth $68,743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chemistry Wealth Management LLC grew its stake in shares of Invesco QQQ by 153.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 3,006 shares of the exchange traded fund’s stock valued at $1,537,000 after buying an additional 8,636 shares during the period. Relyea Zuckerberg Hanson LLC lifted its holdings in Invesco QQQ by 5.1% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 17,857 shares of the exchange traded fund’s stock valued at $9,129,000 after acquiring an additional 869 shares during the last quarter. Saxon Interests Inc. grew its position in Invesco QQQ by 8.1% in the fourth quarter. Saxon Interests Inc. now owns 5,884 shares of the exchange traded fund’s stock worth $3,008,000 after acquiring an additional 443 shares during the period. Wealthcare Advisory Partners LLC increased its stake in Invesco QQQ by 2.6% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 95,403 shares of the exchange traded fund’s stock worth $48,773,000 after acquiring an additional 2,430 shares during the last quarter. Finally, Yarger Wealth Strategies LLC raised its position in Invesco QQQ by 19.8% in the fourth quarter. Yarger Wealth Strategies LLC now owns 3,655 shares of the exchange traded fund’s stock valued at $1,868,000 after purchasing an additional 605 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.7 %

Shares of Invesco QQQ stock opened at $521.74 on Friday. The business’s fifty day simple moving average is $515.79 and its 200-day simple moving average is $491.80. Invesco QQQ has a 52 week low of $409.16 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

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.