Ehrlich Financial Group decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,761 shares of the exchange traded fund's stock after selling 1,195 shares during the period. Ehrlich Financial Group's holdings in Invesco QQQ were worth $900,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after acquiring an additional 2,059 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Socha Financial Group LLC boosted its position in shares of Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock valued at $44,732,000 after acquiring an additional 2,171 shares during the period. NRI Wealth Management LC bought a new stake in Invesco QQQ in the 4th quarter valued at $28,729,000. Finally, Garden State Investment Advisory Services LLC grew its position in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after buying an additional 3,581 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
Shares of QQQ traded up $1.26 on Tuesday, reaching $506.82. 21,195,974 shares of the stock traded hands, compared to its average volume of 32,699,879. The stock's 50-day moving average price is $515.32 and its 200-day moving average price is $491.29. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15.
Invesco QQQ Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders 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 Profile
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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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