Invesco QQQ (NASDAQ:QQQ) Stake Lifted by O Connor Financial Group LLC

O Connor Financial Group LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,389 shares of the exchange traded fund’s stock after purchasing an additional 324 shares during the quarter. Invesco QQQ makes up about 4.6% of O Connor Financial Group LLC’s investment portfolio, making the stock its 7th largest holding. O Connor Financial Group LLC’s holdings in Invesco QQQ were worth $8,889,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northeast Investment Management boosted its position in shares of Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after buying an additional 20 shares in the last quarter. Planning Capital Management Corp lifted its holdings in shares of Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares in the last quarter. Skyline Advisors Inc. lifted its holdings in shares of Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares in the last quarter. Madden Advisory Services Inc. grew its position in shares of Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after purchasing an additional 21 shares during the last quarter. Finally, Meridian Management Co. raised its position in shares of Invesco QQQ by 0.6% during the 3rd quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock worth $1,640,000 after purchasing an additional 21 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock traded up $6.46 on Monday, reaching $525.04. The company had a trading volume of 17,732,334 shares, compared to its average volume of 26,967,785. The company’s fifty day moving average is $512.63 and its 200 day moving average is $489.84. Invesco QQQ has a 1 year low of $397.84 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

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