Milestone Asset Management LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 39.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,507 shares of the exchange traded fund's stock after acquiring an additional 1,272 shares during the period. Milestone Asset Management LLC's holdings in Invesco QQQ were worth $2,304,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hoese & Co LLP raised its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC raised its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new position in Invesco QQQ in the third quarter worth about $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ in the fourth quarter worth about $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ in the fourth quarter worth about $73,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
NASDAQ:QQQ traded up $3.07 during mid-day trading on Thursday, hitting $523.90. The company's stock had a trading volume of 17,586,477 shares, compared to its average volume of 33,052,781. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The stock has a fifty day moving average of $518.86 and a 200-day moving average of $493.75.
Invesco QQQ Dividend Announcement
The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date 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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