Baring Financial LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,699 shares of the exchange traded fund's stock, valued at approximately $5,981,000. Invesco QQQ comprises about 5.3% of Baring Financial LLC's portfolio, making the stock its 2nd biggest holding.
A number of other large investors have also added to or reduced their stakes in QQQ. Ferguson Shapiro LLC increased its holdings in Invesco QQQ by 609.8% in the 4th quarter. Ferguson Shapiro LLC now owns 3,606 shares of the exchange traded fund's stock worth $1,843,000 after acquiring an additional 3,098 shares in the last quarter. Milestone Asset Management LLC boosted its position in shares of Invesco QQQ by 39.3% in the fourth quarter. Milestone Asset Management LLC now owns 4,507 shares of the exchange traded fund's stock worth $2,304,000 after purchasing an additional 1,272 shares during the period. USAdvisors Wealth Management LLC increased its stake in shares of Invesco QQQ by 5.6% in the fourth quarter. USAdvisors Wealth Management LLC now owns 65,085 shares of the exchange traded fund's stock worth $33,273,000 after purchasing an additional 3,479 shares in the last quarter. Ibex Wealth Advisors bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $6,319,000. Finally, Applied Capital LLC lifted its stake in shares of Invesco QQQ by 37.7% during the 4th quarter. Applied Capital LLC now owns 1,268 shares of the exchange traded fund's stock valued at $648,000 after buying an additional 347 shares in the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Up 0.4 %
QQQ stock traded up $2.22 during trading on Thursday, reaching $523.05. The company's stock had a trading volume of 26,119,972 shares, compared to its average volume of 33,455,113. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The company's fifty day moving average is $518.86 and its 200-day moving average is $493.75.
Invesco QQQ Dividend Announcement
The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
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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