Vantage Financial Partners LLC Increases Shares in Invesco QQQ

Vantage Financial Partners LLC has raised its stakes in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.5% during the fourth quarter, based on the latest reports submitted to the Securities & Exchange Commission. Following an additional purchase of 1,644 shares, the fund now holds a total of 20,919 shares of the exchange-traded fund (ETF). This investment in Invesco QQQ represents 2.7% of Vantage Financial Partners LLC's entire portfolio, making it the fund's 10th largest investment. As of the most recent reporting period, Vantage Financial Partners LLC's holdings in Invesco QQQ were valued at approximately $10,694,000.

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A number of other institutional investors have also adjusted their positions in Invesco QQQ. Proficio Capital Partners LLC has increased its holdings by 3.1% in the fourth quarter, now owning 23,065 shares worth $11,791,000 after acquiring an additional 687 shares. Boulder Wealth Advisors LLC purchased a new stake in Invesco QQQ valued at around $209,000 during the same period. M&T Bank Corp also uplifted its stake by 8.2%, now holding 137,576 shares worth $70,333,000 after adding 10,416 shares. Additionally, Assetmark Inc. raised its position in the ETF by 5.6%, owning 28,374 shares valued at $14,506,000 following the acquisition of 1,508 shares. Lastly, NewSquare Capital LLC acquired a new position worth $786,000 in Invesco QQQ during the fourth quarter. Collectively, institutional investors and hedge funds own 44.58% of the ETF’s stock.

Recent Trading Activity for Invesco QQQ

As of Wednesday, shares of Invesco QQQ opened at $495.55. The ETF has a 50-day moving average price of $520.84 and a 200-day moving average price of $503.87. Over the past year, Invesco QQQ has seen a low of $413.07 and a high of $540.81. The ETF holds a market capitalization of $312.32 billion and a P/E ratio of 33.43, along with a beta of 1.11.

Dividend Announcement from Invesco QQQ

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Recently, Invesco QQQ announced a dividend distribution that was paid out on Tuesday, December 31st. Shareholders of record as of Monday, December 23rd received a dividend of $0.8347. The ex-dividend date was also Monday, December 23rd.

About Invesco QQQ

Invesco QQQ Trust, Series 1 is a collective investment scheme that offers a product known as Nasdaq-100 Index Tracking Stock. Its primary goal is to provide investment results that align generally with the price and yield performance of the Nasdaq-100 Index. This trust allows investors to buy units that represent proportional undivided interests in the portfolio, which encompasses nearly all securities held by the trust, mirroring the component securities of the Nasdaq-100 Index.

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This article was prepared utilizing advanced reporting technology alongside financial data to deliver prompt and precise updates about the investment landscape.

Considering an Investment in Invesco QQQ?

Before making any investment decisions regarding Invesco QQQ, it’s important to stay informed. Research analysts frequently identify stocks that they believe to be advantageous based on current market conditions. Currently, Invesco QQQ has a Hold rating among analysts, suggesting investors might want to evaluate other stocks that may offer greater potential returns.

Invesco, Finance, Investments