Noesis Capital Mangement Corp Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Noesis Capital Mangement Corp increased its stake in Invesco QQQ (NASDAQ:QQQ) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,363 shares of the exchange traded fund’s stock after purchasing an additional 31 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Invesco QQQ were worth $697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Socha Financial Group LLC raised its position in Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after acquiring an additional 2,171 shares during the period. NRI Wealth Management LC bought a new position in Invesco QQQ in the fourth quarter worth approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its position 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 acquiring an additional 3,581 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.6 %

QQQ opened at $508.30 on Friday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a market capitalization of $320.36 billion, a PE ratio of 33.43 and a beta of 1.11. The firm’s 50 day simple moving average is $522.05 and its two-hundred day simple moving average is $503.00.

Invesco QQQ Dividend Announcement

The company 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 was Monday, December 23rd.

Invesco QQQ 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.