Jackson Wealth Management LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

Jackson Wealth Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 15.8% in the 4th quarter, HoldingsChannel reports. The firm owned 18,519 shares of the exchange traded fund’s stock after buying an additional 2,522 shares during the quarter. Invesco QQQ comprises approximately 1.1% of Jackson Wealth Management LLC’s holdings, making the stock its 24th largest holding. Jackson Wealth Management LLC’s holdings in Invesco QQQ were worth $9,468,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after acquiring an additional 2,059 shares during the last quarter. Principal Financial Group Inc. increased its stake in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after purchasing an additional 11,351 shares in the last quarter. Socha Financial Group LLC lifted its stake in shares of Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares during the period. NRI Wealth Management LC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its stake in Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after acquiring an additional 3,581 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $524.47 on Wednesday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The stock’s 50-day simple moving average is $519.78 and its 200-day simple moving average is $494.47.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.