Sonora Investment Management Group LLC Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Sonora Investment Management Group LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,108 shares of the exchange traded fund's stock after purchasing an additional 810 shares during the period. Sonora Investment Management Group LLC's holdings in Invesco QQQ were worth $2,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Northeast Investment Management lifted its holdings in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund's stock valued at $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp increased its holdings in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund's stock valued at $146,000 after purchasing an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC lifted its stake in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock valued at $1,995,000 after purchasing an additional 20 shares during the period. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares in the last quarter. Finally, Skyline Advisors Inc. grew its position in Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund's stock valued at $215,000 after buying an additional 21 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.1 %

Shares of Invesco QQQ stock traded down $0.76 during trading hours on Friday, reaching $522.29. The stock had a trading volume of 38,747,058 shares, compared to its average volume of 30,541,316. The stock's 50 day moving average is $519.55 and its 200 day moving average is $494.13. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

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 dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.