Simon Quick Advisors LLC Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Simon Quick Advisors LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,238 shares of the exchange traded fund’s stock after acquiring an additional 408 shares during the period. Simon Quick Advisors LLC’s holdings in Invesco QQQ were worth $2,167,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of QQQ. GAMMA Investing LLC lifted its position in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. lifted its position in Invesco QQQ by 141.0% during 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 lifted its position in Invesco QQQ by 2.4% during 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 purchasing an additional 2,171 shares during the last quarter. NRI Wealth Management LC bought a new stake in Invesco QQQ during the fourth quarter valued at approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted 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 valued at $15,169,000 after purchasing an additional 3,581 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.3 %

Shares of Invesco QQQ stock opened at $531.51 on Thursday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The company has a 50 day simple moving average of $516.33 and a two-hundred day simple moving average of $492.54.

Invesco QQQ Announces Dividend

The business also recently announced 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.