GDS Wealth Management Acquires New Holdings in Invesco QQQ (NASDAQ:QQQ)

GDS Wealth Management acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,928 shares of the exchange traded fund’s stock, valued at approximately $790,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Breed s Hill Capital LLC acquired a new position in Invesco QQQ in the 4th quarter valued at approximately $1,093,000. Wealthspire Advisors LLC increased its position in Invesco QQQ by 505.5% in the 4th quarter. Wealthspire Advisors LLC now owns 131,472 shares of the exchange traded fund’s stock valued at $53,840,000 after acquiring an additional 109,760 shares during the period. E Fund Management Co. Ltd. increased its position in Invesco QQQ by 52.0% in the 4th quarter. E Fund Management Co. Ltd. now owns 3,781 shares of the exchange traded fund’s stock valued at $1,548,000 after acquiring an additional 1,294 shares during the period. Clearwater Capital Advisors LLC increased its position in Invesco QQQ by 0.4% in the 4th quarter. Clearwater Capital Advisors LLC now owns 7,489 shares of the exchange traded fund’s stock valued at $3,067,000 after acquiring an additional 27 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in Invesco QQQ by 0.5% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 42,901 shares of the exchange traded fund’s stock valued at $17,569,000 after acquiring an additional 215 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.2 %

NASDAQ QQQ traded up $0.96 on Thursday, hitting $441.02. The company’s stock had a trading volume of 24,398,462 shares, compared to its average volume of 45,098,582. Invesco QQQ has a 1-year low of $321.60 and a 1-year high of $449.34. The company’s 50-day moving average is $436.76 and its 200 day moving average is $414.18.

Invesco QQQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 18th.

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.