Smart Money Group LLC Acquires 238 Shares of Invesco QQQ (NASDAQ:QQQ)

Smart Money Group LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 61,597 shares of the exchange traded fund’s stock after purchasing an additional 238 shares during the period. Invesco QQQ makes up about 10.9% of Smart Money Group LLC’s holdings, making the stock its biggest holding. Smart Money Group LLC’s holdings in Invesco QQQ were worth $31,490,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC increased its position in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the period. Ameriprise Financial Inc. grew its holdings in Invesco QQQ by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after acquiring an additional 338,494 shares during the period. Toronto Dominion Bank raised its position in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco QQQ by 1.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock valued at $1,532,904,000 after purchasing an additional 33,790 shares during the period. Finally, CHURCHILL MANAGEMENT Corp boosted its position in shares of Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after purchasing an additional 13,772 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.7 %

Shares of QQQ stock opened at $521.74 on Monday. Invesco QQQ has a fifty-two week low of $409.16 and a fifty-two week high of $539.15. The stock has a 50 day simple moving average of $515.94 and a two-hundred day simple moving average of $492.11.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors 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 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.