Spectrum Planning & Advisory Services Inc. Buys 242 Shares of Invesco QQQ (NASDAQ:QQQ)

Spectrum Planning & Advisory Services Inc. increased its position in Invesco QQQ (NASDAQ:QQQ) by 45.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 770 shares of the exchange traded fund’s stock after purchasing an additional 242 shares during the period. Spectrum Planning & Advisory Services Inc.’s holdings in Invesco QQQ were worth $394,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC raised its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas bought a new position in shares of Invesco QQQ during the 3rd quarter valued at $62,000. Brooklyn Investment Group purchased a new position in shares of Invesco QQQ in the 4th quarter worth $69,000. Finally, Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ in the fourth quarter worth $73,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $521.88 on Wednesday. The business has a 50-day simple moving average of $518.14 and a two-hundred day simple moving average of $493.37. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

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