CX Institutional Boosts Position in Invesco QQQ (NASDAQ:QQQ)

CX Institutional boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 40.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,497 shares of the exchange traded fund’s stock after purchasing an additional 1,007 shares during the quarter. CX Institutional’s holdings in Invesco QQQ were worth $1,788,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hoese & Co LLP grew its position in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC boosted its stake 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 in the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ during the third quarter worth about $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at about $69,000. Finally, Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $73,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.6 %

QQQ opened at $529.63 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The business’s 50 day moving average is $517.20 and its two-hundred day moving average is $493.09.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given 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.