Zhang Financial LLC Raises Position in Invesco QQQ (NASDAQ:QQQ)

Zhang Financial LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 11.9% in the 4th quarter, Holdings Channel reports. The fund owned 6,046 shares of the exchange traded fund’s stock after acquiring an additional 642 shares during the period. Zhang Financial LLC’s holdings in Invesco QQQ were worth $3,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Legacy Bridge LLC increased its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ during the 3rd quarter valued at $62,000. Brooklyn Investment Group acquired a new position in shares of Invesco QQQ during the 4th quarter valued at $69,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of 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 in the last quarter. Finally, Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ in the 4th quarter worth $73,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.7 %

Shares of QQQ opened at $521.74 on Tuesday. The firm’s 50 day moving average is $515.94 and its 200-day moving average is $492.12. Invesco QQQ has a 12-month low of $409.16 and a 12-month high of $539.15.

Invesco QQQ Announces Dividend

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