Invesco QQQ (NASDAQ:QQQ) Stock Position Lifted by Flagship Private Wealth LLC

Flagship Private Wealth LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 15.0% in the fourth quarter, HoldingsChannel reports. The fund owned 13,987 shares of the exchange traded fund’s stock after acquiring an additional 1,823 shares during the period. Invesco QQQ makes up approximately 3.4% of Flagship Private Wealth LLC’s holdings, making the stock its 7th largest holding. Flagship Private Wealth LLC’s holdings in Invesco QQQ were worth $7,151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Invesco QQQ by 332.0% in the second quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock valued at $5,769,000 after acquiring an additional 9,254 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Invesco QQQ by 28.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after purchasing an additional 15,648 shares in the last quarter. SkyView Investment Advisors LLC bought a new position in Invesco QQQ in the 2nd quarter worth approximately $209,000. Full Sail Capital LLC grew its holdings in Invesco QQQ by 3.5% during the 2nd quarter. Full Sail Capital LLC now owns 1,327 shares of the exchange traded fund’s stock valued at $636,000 after buying an additional 45 shares in the last quarter. Finally, Aviso Wealth Management bought a new stake in shares of Invesco QQQ during the second quarter valued at approximately $264,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $529.63 on Monday. The company’s fifty day moving average price is $517.86 and its 200-day moving average price is $493.28. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

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