Seelaus Asset Management LLC Has $1.22 Million Position in Invesco QQQ (NASDAQ:QQQ)

Seelaus Asset Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,376 shares of the exchange traded fund’s stock after buying an additional 88 shares during the period. Invesco QQQ comprises approximately 1.1% of Seelaus Asset Management LLC’s portfolio, making the stock its 15th largest position. Seelaus Asset Management LLC’s holdings in Invesco QQQ were worth $1,215,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. grew its position in shares of Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 20 shares during the last quarter. Hendershot Investments Inc. lifted its stake in shares of Invesco QQQ by 26.3% in the fourth quarter. Hendershot Investments Inc. now owns 605 shares of the exchange traded fund’s stock worth $309,000 after acquiring an additional 126 shares during the period. Sanchez Wealth Management Group boosted its holdings in Invesco QQQ by 9.8% in the fourth quarter. Sanchez Wealth Management Group now owns 41,513 shares of the exchange traded fund’s stock valued at $21,222,000 after acquiring an additional 3,688 shares during the last quarter. Windsor Capital Management LLC increased its position in Invesco QQQ by 13.5% during the 4th quarter. Windsor Capital Management LLC now owns 1,036 shares of the exchange traded fund’s stock valued at $530,000 after purchasing an additional 123 shares during the period. Finally, Serenus Wealth Advisors LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $47,545,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $522.92 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The company’s 50 day moving average price is $521.26 and its 200-day moving average price is $495.57.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued 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.