Apollon Financial LLC Has $3.34 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Apollon Financial LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,531 shares of the exchange traded fund’s stock after purchasing an additional 435 shares during the quarter. Invesco QQQ comprises 0.8% of Apollon Financial LLC’s holdings, making the stock its 27th largest holding. Apollon Financial LLC’s holdings in Invesco QQQ were worth $3,339,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sanibel Captiva Trust Company Inc. increased its holdings in shares of Invesco QQQ by 11.2% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 5,483 shares of the exchange traded fund’s stock valued at $2,676,000 after acquiring an additional 553 shares in the last quarter. Patten Group Inc. increased its stake in Invesco QQQ by 3.3% during the 3rd quarter. Patten Group Inc. now owns 1,539 shares of the exchange traded fund’s stock valued at $751,000 after purchasing an additional 49 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Invesco QQQ by 14.6% in the third quarter. UMB Bank n.a. now owns 4,106 shares of the exchange traded fund’s stock valued at $2,004,000 after buying an additional 523 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new position in shares of Invesco QQQ during the third quarter valued at about $4,385,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ opened at $522.92 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The company’s 50-day moving average is $521.00 and its 200 day moving average is $495.29.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.