Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Embree Financial Group

Embree Financial Group lifted its position in Invesco QQQ (NASDAQ:QQQ) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 116,043 shares of the exchange traded fund’s stock after purchasing an additional 963 shares during the quarter. Invesco QQQ comprises about 10.1% of Embree Financial Group’s investment portfolio, making the stock its biggest holding. Embree Financial Group’s holdings in Invesco QQQ were worth $59,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after acquiring an additional 2,059 shares during the period. Principal Financial Group Inc. grew its position in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares in the last quarter. Socha Financial Group LLC grew its position in shares of 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 worth $44,732,000 after purchasing an additional 2,171 shares in the last quarter. NRI Wealth Management LC bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted its holdings in Invesco QQQ by 13.1% in the 3rd 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 NASDAQ:QQQ opened at $529.63 on Monday. The firm has a fifty day moving average price of $517.86 and a 200 day moving average price of $493.28. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.