Tanager Wealth Management LLP Purchases 480 Shares of Invesco QQQ (NASDAQ:QQQ)

Tanager Wealth Management LLP increased its position in Invesco QQQ (NASDAQ:QQQ) by 31.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,984 shares of the exchange traded fund’s stock after buying an additional 480 shares during the period. Tanager Wealth Management LLP’s holdings in Invesco QQQ were worth $813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC lifted its position in Invesco QQQ by 14.1% during the fourth quarter. Redmont Wealth Advisors LLC now owns 2,896 shares of the exchange traded fund’s stock valued at $1,186,000 after purchasing an additional 358 shares during the last quarter. Beaumont Financial Advisors LLC lifted its holdings in shares of Invesco QQQ by 6.9% in the 4th quarter. Beaumont Financial Advisors LLC now owns 5,067 shares of the exchange traded fund’s stock valued at $2,075,000 after acquiring an additional 328 shares during the last quarter. Opes Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter worth about $248,000. Sterling Financial Planning Inc. increased its stake in Invesco QQQ by 0.4% during the fourth quarter. Sterling Financial Planning Inc. now owns 6,735 shares of the exchange traded fund’s stock worth $2,758,000 after acquiring an additional 27 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its stake in Invesco QQQ by 184.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 6,058 shares of the exchange traded fund’s stock worth $2,481,000 after acquiring an additional 3,932 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 2.1 %

QQQ stock traded down $8.76 during midday trading on Friday, reaching $414.65. 75,140,125 shares of the company traded hands, compared to its average volume of 46,015,852. The business has a 50 day moving average of $438.05 and a 200-day moving average of $407.51. Invesco QQQ has a 52-week low of $309.89 and a 52-week high of $449.34.

Invesco QQQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.55%.

Invesco QQQ Company Profile

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.