Freedom Day Solutions LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 842 shares of the exchange traded fund's stock, valued at approximately $430,000.
A number of other hedge funds have also modified their holdings of QQQ. SOA Wealth Advisors LLC. boosted its position in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after buying an additional 46 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Invesco QQQ by 1.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 95,153 shares of the exchange traded fund's stock worth $46,441,000 after acquiring an additional 1,012 shares in the last quarter. Sierra Capital LLC boosted its holdings in Invesco QQQ by 1.6% during the 3rd quarter. Sierra Capital LLC now owns 3,343 shares of the exchange traded fund's stock valued at $1,632,000 after acquiring an additional 54 shares during the period. Xcel Wealth Management LLC grew its position in Invesco QQQ by 50.1% in the 3rd quarter. Xcel Wealth Management LLC now owns 1,573 shares of the exchange traded fund's stock valued at $768,000 after acquiring an additional 525 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Invesco QQQ during the third quarter worth about $6,631,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Down 0.4 %
Shares of QQQ traded down $2.29 during mid-day trading on Thursday, hitting $537.23. 26,410,459 shares of the company's stock were exchanged, compared to its average volume of 30,067,979. The stock's 50-day moving average is $523.26 and its 200-day moving average is $499.81. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.
Invesco QQQ Announces Dividend
The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Invesco QQQ 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.
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