Ferguson Shapiro LLC Has $1.84 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Ferguson Shapiro LLC grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 609.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,606 shares of the exchange traded fund's stock after purchasing an additional 3,098 shares during the quarter. Invesco QQQ makes up approximately 0.7% of Ferguson Shapiro LLC's holdings, making the stock its 19th biggest holding. Ferguson Shapiro LLC's holdings in Invesco QQQ were worth $1,843,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund's stock valued at $15,904,322,000 after acquiring an additional 32,516,210 shares during the last quarter. Toronto Dominion Bank lifted its position in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after buying an additional 488,815 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund's stock valued at $940,676,000 after buying an additional 13,772 shares during the period. Stifel Financial Corp grew its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund's stock valued at $425,324,000 after acquiring an additional 2,572 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Invesco QQQ by 2.3% in the third quarter. Rockefeller Capital Management L.P. now owns 849,259 shares of the exchange traded fund's stock worth $414,429,000 after acquiring an additional 18,833 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded up $1.80 during midday trading on Thursday, reaching $522.63. The stock had a trading volume of 19,134,391 shares, compared to its average volume of 33,110,070. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The firm's fifty day simple moving average is $518.86 and its 200-day simple moving average is $493.75.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company Profile

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.