Apella Capital LLC Has $1.95 Million Position in Invesco QQQ (NASDAQ:QQQ)

Apella Capital LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 3,805 shares of the exchange traded fund’s stock after buying an additional 108 shares during the period. Apella Capital LLC’s holdings in Invesco QQQ were worth $1,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nabity Jensen Investment Management Inc raised its position in shares of Invesco QQQ by 2.3% during the fourth quarter. Nabity Jensen Investment Management Inc now owns 14,047 shares of the exchange traded fund’s stock worth $7,181,000 after purchasing an additional 318 shares during the period. Founders Grove Wealth Partners LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth about $270,000. Moseley Investment Management Inc. raised its holdings in shares of Invesco QQQ by 1.6% in the 4th quarter. Moseley Investment Management Inc. now owns 1,677 shares of the exchange traded fund’s stock worth $857,000 after acquiring an additional 26 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Invesco QQQ by 139.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,275 shares of the exchange traded fund’s stock valued at $6,789,000 after acquiring an additional 7,737 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in Invesco QQQ by 34.4% during the 4th quarter. Park Avenue Securities LLC now owns 29,034 shares of the exchange traded fund’s stock valued at $14,843,000 after purchasing an additional 7,438 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $516.67 on Thursday. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15. The stock has a 50 day moving average price of $515.57 and a two-hundred day moving average price of $491.47.

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 given 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.