Invesco QQQ (NASDAQ:QQQ) Position Raised by Ferguson Shapiro LLC

Ferguson Shapiro LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 609.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,606 shares of the exchange traded fund’s stock after purchasing an additional 3,098 shares during the period. Invesco QQQ accounts for about 0.7% of Ferguson Shapiro LLC’s investment portfolio, making the stock its 19th largest holding. Ferguson Shapiro LLC’s holdings in Invesco QQQ were worth $1,843,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% during the fourth 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 in the last quarter. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 60.0% in the 3rd 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 position in Invesco QQQ in the 3rd quarter worth approximately $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ during the 4th quarter worth approximately $69,000. Finally, Pacifica Partners Inc. acquired a new stake in Invesco QQQ during the 4th quarter valued at $73,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $520.83 on Thursday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The business’s fifty day moving average price is $518.51 and its 200 day moving average price is $493.56.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.