Quantum Financial Planning Services Inc. bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,222 shares of the exchange traded fund's stock, valued at approximately $625,000. Invesco QQQ makes up 0.3% of Quantum Financial Planning Services Inc.'s holdings, making the stock its 14th largest position.
Several other hedge funds have also modified their holdings of QQQ. 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. grew its position in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Socha Financial Group LLC increased its stake in shares of Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock worth $44,732,000 after purchasing an additional 2,171 shares in the last quarter. NRI Wealth Management LC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC increased 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 owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded down $0.76 during trading on Friday, reaching $522.29. The company had a trading volume of 38,747,058 shares, compared to its average volume of 30,541,316. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The stock has a 50-day moving average price of $519.55 and a two-hundred day moving average price of $494.13.
Invesco QQQ Announces Dividend
The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued 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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