Manchester Financial Inc. Buys 135 Shares of Invesco QQQ (NASDAQ:QQQ)

Manchester Financial Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,035 shares of the exchange traded fund’s stock after acquiring an additional 135 shares during the quarter. Manchester Financial Inc.’s holdings in Invesco QQQ were worth $1,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its position in Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the period. Toronto Dominion Bank grew its holdings in Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after purchasing an additional 13,772 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of Invesco QQQ by 0.3% in the third quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock worth $425,324,000 after purchasing an additional 2,572 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $535.90 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The stock has a fifty day simple moving average of $521.86 and a 200 day simple moving average of $497.08.

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 paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ 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.