Patriot Investment Management Group Inc. Has $4.61 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Patriot Investment Management Group Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,021 shares of the exchange traded fund’s stock after buying an additional 25 shares during the period. Patriot Investment Management Group Inc.’s holdings in Invesco QQQ were worth $4,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas acquired a new position in shares of Invesco QQQ during the third quarter worth about $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $69,000. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ in the fourth quarter valued at $73,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $529.63 on Friday. The stock has a 50 day moving average price of $517.20 and a 200 day moving average price of $493.09. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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.