POM Investment Strategies LLC Has $12.24 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

POM Investment Strategies LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 0.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,936 shares of the exchange traded fund’s stock after buying an additional 123 shares during the quarter. Invesco QQQ makes up 9.2% of POM Investment Strategies LLC’s holdings, making the stock its 4th largest holding. POM Investment Strategies LLC’s holdings in Invesco QQQ were worth $12,237,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Pachira Investments Inc. increased its holdings in Invesco QQQ by 9.5% in the 4th quarter. Pachira Investments Inc. now owns 15,316 shares of the exchange traded fund’s stock worth $7,897,000 after buying an additional 1,330 shares in the last quarter. Sapient Capital LLC grew its stake in shares of Invesco QQQ by 21.9% in the fourth quarter. Sapient Capital LLC now owns 6,565 shares of the exchange traded fund’s stock worth $3,356,000 after acquiring an additional 1,178 shares during the period. International Private Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 66.6% during the fourth quarter. International Private Wealth Advisors LLC now owns 2,073 shares of the exchange traded fund’s stock valued at $1,060,000 after purchasing an additional 829 shares during the last quarter. Equitable Trust Co. raised its holdings in shares of Invesco QQQ by 0.4% during the fourth quarter. Equitable Trust Co. now owns 28,106 shares of the exchange traded fund’s stock valued at $14,369,000 after purchasing an additional 113 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its holdings in Invesco QQQ by 1.9% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 30,029 shares of the exchange traded fund’s stock worth $15,352,000 after purchasing an additional 566 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.2 %

NASDAQ:QQQ opened at $529.25 on Tuesday. The company has a 50 day simple moving average of $521.26 and a two-hundred day simple moving average of $495.90. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

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