Sensible Money LLC Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Sensible Money LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 16.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,211 shares of the exchange traded fund’s stock after buying an additional 175 shares during the quarter. Sensible Money LLC’s holdings in Invesco QQQ were worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Savant Capital LLC increased its holdings in Invesco QQQ by 12.0% in the 4th quarter. Savant Capital LLC now owns 38,465 shares of the exchange traded fund’s stock worth $19,664,000 after acquiring an additional 4,114 shares during the last quarter. Burns Matteson Capital Management LLC boosted its position in Invesco QQQ by 6.8% during the fourth quarter. Burns Matteson Capital Management LLC now owns 1,369 shares of the exchange traded fund’s stock worth $700,000 after purchasing an additional 87 shares during the period. Wagner Wealth Management LLC increased its stake in shares of Invesco QQQ by 0.7% in the fourth quarter. Wagner Wealth Management LLC now owns 6,145 shares of the exchange traded fund’s stock worth $3,142,000 after purchasing an additional 44 shares in the last quarter. Harbour Trust & Investment Management Co raised its position in shares of Invesco QQQ by 2.8% in the fourth quarter. Harbour Trust & Investment Management Co now owns 13,652 shares of the exchange traded fund’s stock valued at $6,979,000 after purchasing an additional 373 shares during the period. Finally, RAM Investment Partners LLC lifted its stake in shares of Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after buying an additional 20 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3 %

QQQ opened at $522.92 on Monday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company has a 50 day moving average of $521.26 and a 200 day moving average of $495.67.

Invesco QQQ Announces Dividend

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

Invesco QQQ Company Profile

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.