Strategic Advocates LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,208 shares of the exchange traded fund's stock after buying an additional 923 shares during the period. Invesco QQQ makes up approximately 8.7% of Strategic Advocates LLC's holdings, making the stock its 2nd largest holding. Strategic Advocates LLC's holdings in Invesco QQQ were worth $25,668,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC grew its stake in shares of 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 during the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ in the third quarter worth about $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ during the 4th quarter valued at about $69,000. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ during the 4th quarter valued at approximately $73,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ stock traded down $0.76 during trading hours on Friday, reaching $522.29. The company's stock had a trading volume of 38,747,058 shares, compared to its average volume of 30,541,316. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The firm's fifty day simple moving average is $519.55 and its 200 day simple moving average is $494.13.
Invesco QQQ Announces Dividend
The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Invesco QQQ Company 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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