TCTC Holdings LLC Has $1.25 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

TCTC Holdings LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.6% in the fourth quarter, HoldingsChannel reports. The firm owned 2,444 shares of the exchange traded fund’s stock after purchasing an additional 215 shares during the period. TCTC Holdings LLC’s holdings in Invesco QQQ were worth $1,249,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in QQQ. SOA Wealth Advisors LLC. increased its position in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC increased its position in shares of Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after purchasing an additional 1,854 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in Invesco QQQ in the 3rd quarter valued at about $3,131,000. Mill Creek Capital Advisors LLC increased its position in Invesco QQQ by 1.2% in the 3rd quarter. Mill Creek Capital Advisors LLC now owns 9,274 shares of the exchange traded fund’s stock valued at $4,526,000 after acquiring an additional 112 shares in the last quarter. Finally, Veery Capital LLC increased its position in Invesco QQQ by 1.8% in the 3rd quarter. Veery Capital LLC now owns 3,058 shares of the exchange traded fund’s stock valued at $1,492,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.4 %

QQQ opened at $479.66 on Monday. The stock has a market capitalization of $302.59 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The firm has a 50-day moving average price of $514.89 and a two-hundred day moving average price of $504.08.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders 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 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.