TCTC Holdings LLC Buys 215 Shares of Invesco QQQ (NASDAQ:QQQ)

TCTC Holdings LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,444 shares of the exchange traded fund’s stock after purchasing an additional 215 shares during the period. TCTC Holdings LLC’s holdings in Invesco QQQ were worth $1,249,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of QQQ. PayPay Securities Corp boosted its holdings in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth about $51,000. Finally, Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $479.66 on Monday. The company has a 50-day moving average of $514.89 and a 200-day moving average of $504.08. The company has a market capitalization of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date 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.