Fountainhead AM LLC Has $809,000 Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Fountainhead AM LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,975 shares of the exchange traded fund’s stock after purchasing an additional 217 shares during the quarter. Fountainhead AM LLC’s holdings in Invesco QQQ were worth $809,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in QQQ. IMA Wealth Inc. grew its holdings in Invesco QQQ by 1.3% during the 3rd quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after acquiring an additional 25 shares during the last quarter. S.A. Mason LLC boosted its stake in Invesco QQQ by 1.5% during the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares during the last quarter. Lauterbach Financial Advisors LLC boosted its stake in Invesco QQQ by 0.4% during the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after acquiring an additional 25 shares during the last quarter. Cedrus LLC boosted its stake in Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after acquiring an additional 25 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its stake in Invesco QQQ by 3.1% during the 4th quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock worth $344,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

Invesco QQQ stock traded up $6.25 during midday trading on Tuesday, hitting $425.07. 44,085,762 shares of the stock were exchanged, compared to its average volume of 46,010,473. The company has a fifty day simple moving average of $437.20 and a two-hundred day simple moving average of $409.44. 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 announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.54%.

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.