Invesco QQQ (NASDAQ:QQQ) is Transcendent Capital Group LLC’s 10th Largest Position

Transcendent Capital Group LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 52.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,473 shares of the exchange traded fund’s stock after purchasing an additional 3,247 shares during the quarter. Invesco QQQ comprises about 2.5% of Transcendent Capital Group LLC’s holdings, making the stock its 10th biggest holding. Transcendent Capital Group LLC’s holdings in Invesco QQQ were worth $4,843,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Strategic Financial Concepts LLC boosted its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. Toronto Dominion Bank raised its stake in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Cibc World Market Inc. boosted its holdings in Invesco QQQ by 90.0% in the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after purchasing an additional 324,948 shares during the period. Bell Bank grew its stake in Invesco QQQ by 112.7% during the 4th quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock worth $194,820,000 after purchasing an additional 201,918 shares in the last quarter. Finally, Empirical Asset Management LLC increased its holdings in Invesco QQQ by 15,676.3% during the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after purchasing an additional 201,597 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.2 %

Shares of Invesco QQQ stock opened at $519.87 on Tuesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The company has a 50 day moving average of $523.02 and a 200 day moving average of $502.10.

Invesco QQQ Dividend Announcement

The firm also recently announced 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.

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.