Affinity Wealth Management LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ) (2024)

Affinity Wealth Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 129.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,467 shares of the exchange traded fund's stock after purchasing an additional 33,534 shares during the quarter. Invesco QQQ accounts for about 5.0% of Affinity Wealth Management LLC's holdings, making the stock its 4th largest position. Affinity Wealth Management LLC's holdings in Invesco QQQ were worth $24,353,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC boosted its stake in Invesco QQQ by 156,045.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund's stock valued at $11,580,806,000 after buying an additional 43,463,232 shares during the period. Morgan Stanley increased its position in shares of Invesco QQQ by 10.0% in the fourth quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund's stock worth $4,477,628,000 after purchasing an additional 1,533,114 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Invesco QQQ by 296.3% in the second quarter. JPMorgan Chase & Co. now owns 10,523,694 shares of the exchange traded fund's stock valued at $3,887,663,000 after purchasing an additional 7,868,131 shares in the last quarter. Barclays PLC grew its stake in Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund's stock worth $2,134,368,000 after buying an additional 48,423,350 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Invesco QQQ by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund's stock valued at $1,623,380,000 after buying an additional 52,019 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company's stock.

Invesco QQQ Stock Up 0.1 %

NASDAQ:QQQ traded up $0.51 during midday trading on Friday, hitting $446.38. The company had a trading volume of 28,232,171 shares, compared to its average volume of 45,686,133. Invesco QQQ has a 52-week low of $304.77 and a 52-week high of $449.34. The stock's fifty day moving average price is $430.97 and its 200-day moving average price is $397.55.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a $0.5735 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.51%.

About Invesco QQQ

(Free Report)

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.

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