Trust Co of Kansas Acquires 485 Shares of Invesco QQQ (NASDAQ:QQQ)

Trust Co of Kansas raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 104.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 951 shares of the exchange traded fund’s stock after buying an additional 485 shares during the quarter. Trust Co of Kansas’ holdings in Invesco QQQ were worth $486,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after acquiring an additional 11,351 shares in the last quarter. Socha Financial Group LLC lifted its stake in shares of Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the period. NRI Wealth Management LC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC grew its stake in Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.7 %

QQQ opened at $521.74 on Friday. Invesco QQQ has a 12-month low of $409.16 and a 12-month high of $539.15. The stock has a fifty day simple moving average of $515.94 and a two-hundred day simple moving average of $492.08.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.