Apollon Financial LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Apollon Financial LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 7.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,531 shares of the exchange traded fund’s stock after buying an additional 435 shares during the quarter. Invesco QQQ accounts for 0.8% of Apollon Financial LLC’s holdings, making the stock its 27th biggest position. Apollon Financial LLC’s holdings in Invesco QQQ were worth $3,339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanibel Captiva Trust Company Inc. grew its stake in Invesco QQQ by 11.2% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 5,483 shares of the exchange traded fund’s stock valued at $2,676,000 after purchasing an additional 553 shares during the period. Patten Group Inc. boosted its holdings in shares of Invesco QQQ by 3.3% in the 3rd quarter. Patten Group Inc. now owns 1,539 shares of the exchange traded fund’s stock worth $751,000 after buying an additional 49 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares during the period. UMB Bank n.a. increased its holdings in Invesco QQQ by 14.6% during the third quarter. UMB Bank n.a. now owns 4,106 shares of the exchange traded fund’s stock worth $2,004,000 after buying an additional 523 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC bought a new stake in Invesco QQQ in the third quarter worth about $4,385,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $522.92 on Friday. The company has a 50 day moving average of $521.00 and a 200-day moving average of $495.29. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date 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.