Tanager Wealth Management LLP Grows Position in Invesco QQQ (NASDAQ:QQQ)

Tanager Wealth Management LLP increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,230 shares of the exchange traded fund’s stock after buying an additional 145 shares during the quarter. Tanager Wealth Management LLP’s holdings in Invesco QQQ were worth $1,140,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Invesco QQQ by 141.0% in the third 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 boosted its holdings in Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares in the last quarter. NRI Wealth Management LC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC boosted its holdings in Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after purchasing an additional 3,581 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.2 %

Shares of QQQ opened at $524.47 on Wednesday. The stock has a 50 day moving average price of $519.78 and a 200 day moving average price of $494.47. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.