Stablepoint Partners LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Stablepoint Partners LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,235 shares of the exchange traded fund’s stock after buying an additional 403 shares during the period. Stablepoint Partners LLC’s holdings in Invesco QQQ were worth $1,143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC grew its stake in shares of 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 purchasing an additional 45 shares during the last quarter. BNP Paribas purchased a new position in Invesco QQQ during the 3rd quarter valued at about $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ during the 4th quarter valued at approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $529.63 on Monday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The stock’s 50 day moving average price is $517.86 and its 200-day moving average price is $493.28.

Invesco QQQ Dividend Announcement

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