Invesco QQQ (NASDAQ:QQQ) Stake Raised by Lansing Street Advisors

Lansing Street Advisors boosted its position in Invesco QQQ (NASDAQ:QQQ) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,638 shares of the exchange traded fund’s stock after buying an additional 3,886 shares during the period. Invesco QQQ makes up approximately 3.7% of Lansing Street Advisors’ investment portfolio, making the stock its 4th largest holding. Lansing Street Advisors’ holdings in Invesco QQQ were worth $10,551,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of QQQ. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $37,000. Hoese & Co LLP lifted its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC lifted its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. Finally, BNP Paribas acquired a new position in Invesco QQQ in the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.1 %

Shares of QQQ stock opened at $526.08 on Friday. The stock has a 50 day simple moving average of $523.39 and a 200-day simple moving average of $501.12. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

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 paid 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.