Patten Group Inc. Increases Position in Invesco QQQ (NASDAQ:QQQ)

Patten Group Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,731 shares of the exchange traded fund’s stock after buying an additional 192 shares during the quarter. Patten Group Inc.’s holdings in Invesco QQQ were worth $885,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. grew its holdings in shares of Invesco QQQ by 0.3% in the third 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 during the last quarter. Pettinga Financial Advisors LLC boosted its position in Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after buying an additional 1,854 shares during the period. Optas LLC bought a new position in Invesco QQQ in the 3rd quarter worth about $325,000. Harbor Capital Advisors Inc. increased its position in shares of Invesco QQQ by 5.0% during the third quarter. Harbor Capital Advisors Inc. now owns 589 shares of the exchange traded fund’s stock worth $287,000 after acquiring an additional 28 shares during the period. Finally, Nvwm LLC raised its stake in shares of Invesco QQQ by 8.7% during the third quarter. Nvwm LLC now owns 275 shares of the exchange traded fund’s stock valued at $134,000 after acquiring an additional 22 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $497.05 on Tuesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The firm has a market capitalization of $313.27 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The stock has a 50 day moving average price of $521.53 and a 200 day moving average price of $503.73.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date 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.