Wealthgarden F.S. LLC Has $948,000 Position in Invesco QQQ (NASDAQ:QQQ)

Wealthgarden F.S. LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 97.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,854 shares of the exchange traded fund's stock after selling 75,129 shares during the period. Wealthgarden F.S. LLC's holdings in Invesco QQQ were worth $948,000 as of its most recent filing with the SEC.Dow Jones: A Relevant Benchmark or a Relic of the Past?Other hedge funds have also recently bought and sold shares of the company. Sigma Investment Counselors Inc. raised its stake in shares of Invesco QQQ by 4.2% in the 4th quarter. Sigma Investment Counselors Inc. now owns 22,049 shares of the exchange traded fund's stock valued at $11,272,000 after purchasing an additional 886 shares during the period. MONECO Advisors LLC raised its stake in shares of Invesco QQQ by 11.8% in the 4th quarter. MONECO Advisors LLC now owns 9,043 shares of the exchange traded fund's stock valued at $4,623,000 after purchasing an additional 957 shares during the period. Elwood & Goetz Wealth Advisory Group LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $223,000. Lansing Street Advisors raised its position in Invesco QQQ by 23.2% in the 4th quarter. Lansing Street Advisors now owns 20,638 shares of the exchange traded fund's stock valued at $10,551,000 after buying an additional 3,886 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its position in Invesco QQQ by 1.3% in the 4th quarter. Wealthspire Advisors LLC now owns 131,223 shares of the exchange traded fund's stock valued at $67,085,000 after buying an additional 1,702 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds. Invesco QQQ Price PerformanceShares of Invesco QQQ stock opened at $526.08 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The business's 50 day simple moving average is $523.39 and its 200 day simple moving average is $501.12. Invesco QQQ Dividend AnnouncementHoliday Cheer or Market Fear: Navigating the Year-End RallyThe firm 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. Invesco QQQ Company Profile (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.Read MoreFive stocks we like better than Invesco QQQWhat is a Stock Market Index and How Do You Use Them?Unity Stock: Is a True Turnaround Finally Taking Shape?What is the Shanghai Stock Exchange Composite Index?DuPont’s Electronics Spinoff: The Start of Something Big3 Grocery Stocks That Can Help Take a Bite Out of Inflation The Trade Desk Crashes on Earnings, But Growth Catalysts PersistPalantir Stock Surges After Announcing Move to the NASDAQThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Invesco QQQ Right Now?Before you consider Invesco QQQ, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.While Invesco QQQ currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here