Private Client Services LLC Has $3.81 Million Position in Invesco QQQ (NASDAQ:QQQ)

Private Client Services LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,452 shares of the exchange traded fund’s stock after acquiring an additional 1,137 shares during the quarter. Invesco QQQ makes up about 2.0% of Private Client Services LLC’s holdings, making the stock its 9th largest position. Private Client Services LLC’s holdings in Invesco QQQ were worth $3,810,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after buying an additional 2,059 shares during the last quarter. Principal Financial Group Inc. raised its stake in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares during the period. Socha Financial Group LLC lifted its holdings in Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after purchasing an additional 2,171 shares during the last quarter. NRI Wealth Management LC bought a new position in Invesco QQQ during the fourth quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its stake in shares of 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 purchasing an additional 3,581 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $0.33 during trading on Wednesday, reaching $515.51. 20,214,188 shares of the company’s stock traded hands, compared to its average volume of 31,597,564. The firm’s 50-day moving average is $513.51 and its 200 day moving average is $490.39. Invesco QQQ has a 1 year low of $401.71 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

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