Cadent Capital Advisors LLC Has $1.61 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Cadent Capital Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 19.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,144 shares of the exchange traded fund’s stock after buying an additional 504 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Invesco QQQ were worth $1,608,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Legacy Bridge LLC raised its stake in shares of Invesco QQQ by 60.0% during the 3rd 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 period. BNP Paribas bought a new stake in Invesco QQQ in the third quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE raised its position in Invesco QQQ by 75.9% in 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 period. Providence Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth approximately $91,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded down $3.30 during trading on Monday, hitting $503.89. 21,526,343 shares of the company’s stock traded hands, compared to its average volume of 32,898,152. The business has a 50 day moving average of $514.92 and a 200-day moving average of $491.12. Invesco QQQ has a 12-month low of $402.92 and a 12-month high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared 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 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.