Revolve Wealth Partners LLC Has $2.69 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Revolve Wealth Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,257 shares of the exchange traded fund’s stock after buying an additional 176 shares during the period. Revolve Wealth Partners LLC’s holdings in Invesco QQQ were worth $2,687,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in shares of Invesco QQQ by 332.0% in the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after buying an additional 9,254 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Invesco QQQ by 28.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after acquiring an additional 15,648 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new stake in Invesco QQQ in the second quarter valued at approximately $368,000. Ted Buchan & Co bought a new stake in shares of Invesco QQQ during the second quarter valued at approximately $653,000. Finally, Granite Bay Wealth Management LLC raised its position in shares of Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after purchasing an additional 894,532 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $521.88 on Wednesday. The company has a fifty day simple moving average of $518.14 and a 200 day simple moving average of $493.37. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date 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.