BSW Wealth Partners Increases Holdings in Invesco QQQ

BSW Wealth Partners has increased its investment in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.2% during the fourth quarter. This increase was detailed in the firm's recent filing with the Securities and Exchange Commission. After acquiring an additional 500 shares, BSW Wealth Partners now holds a total of 3,593 shares of the Invesco QQQ exchange-traded fund (ETF). At the end of the latest reporting period, these shares were valued at approximately $1,837,000.

Other Significant Investments in Invesco QQQ

A number of other large investors have also recently adjusted their positions in Invesco QQQ. Notably, International Assets Investment Management LLC dramatically increased its stake by a staggering 46,491.6% during the third quarter, acquiring an additional 32,516,210 shares to bring its total ownership to 32,586,150 shares, valued at around $15.9 billion. Similarly, Toronto Dominion Bank raised its holdings by 13.0% in the same quarter, now owning 4,261,790 shares worth approximately $2.08 billion after acquiring an additional 488,815 shares.

Other firms, such as CHURCHILL MANAGEMENT Corp and Cetera Investment Advisers, also contributed to the increase in holdings. CHURCHILL MANAGEMENT Corp boosted its stake by 0.8%, bringing its total to 1,840,025 shares valued at about $940.6 million, while Cetera Investment Advisers increased its ownership by 2.6%, owning 1,644,645 shares worth about $788 million. Additionally, Granite Bay Wealth Management LLC raised its stake significantly by 6,215.5% to hold 908,924 shares valued at $409.5 million. Overall, institutional investors control about 44.58% of Invesco QQQ's stock.

Current Stock Performance and Dividend Announcement

As of Wednesday, shares of Invesco QQQ opened at $521.88. The ETF has experienced a fifty-two week range, with a low of $413.07 and a high of $539.15. Its 50-day moving average price stands at $518.14, while the 200-day average is at $493.37.

The company also declared a dividend which was paid on December 31st. Shareholders who were recorded by the end of December 23rd received a dividend of $0.8347 per share.

Understanding Invesco QQQ

The PowerShares QQQ Trust, Series 1, is a unit investment trust offering Nasdaq-100 Index Tracking Stock. Its main goal is to provide investment results that closely match the price and yield performance of the Nasdaq-100 Index. This trust allows investors to buy units that represent proportional interests in its portfolio, which consists largely of the stocks listed in the Nasdaq-100 Index.

Invesco, QQQ, Investment