ETF Portfolio Partners Inc. Purchases 11,360 Shares of Invesco QQQ (NASDAQ:QQQ)

ETF Portfolio Partners Inc. boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 105.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,089 shares of the exchange traded fund’s stock after purchasing an additional 11,360 shares during the quarter. Invesco QQQ makes up about 3.4% of ETF Portfolio Partners Inc.’s investment portfolio, making the stock its 9th largest holding. ETF Portfolio Partners Inc.’s holdings in Invesco QQQ were worth $11,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. BNP Paribas bought a new stake in Invesco QQQ in the third quarter valued at $62,000. Brooklyn Investment Group acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $69,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.6 %

Shares of NASDAQ:QQQ opened at $529.63 on Monday. The company’s 50-day moving average price is $517.86 and its 200 day moving average price is $493.28. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.