Peterson Wealth Services Invests $4.11 Million in Invesco QQQ $QQQ

Peterson Wealth Services acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the third quarter, HoldingsChannel.com reports. The fund acquired 6,844 shares of the exchange traded fund’s stock, valued at approximately $4,109,000. Invesco QQQ comprises about 0.9% of Peterson Wealth Services’ investment portfolio, making the stock its 21st largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Invesco QQQ by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock worth $1,778,116,000 after acquiring an additional 22,220 shares during the last quarter. HRT Financial LP boosted its holdings in Invesco QQQ by 118.3% during the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after acquiring an additional 1,704,600 shares during the period. Symphony Financial Ltd. Co. acquired a new stake in shares of Invesco QQQ in the second quarter valued at about $1,236,482,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Invesco QQQ by 6.3% in the second quarter. Rockefeller Capital Management L.P. now owns 1,101,906 shares of the exchange traded fund’s stock valued at $611,049,000 after purchasing an additional 65,387 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Price Performance

NASDAQ QQQ opened at $626.14 on Tuesday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01. The stock has a 50-day simple moving average of $620.25 and a 200 day simple moving average of $601.30.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, December 22nd.

About Invesco QQQ

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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