2,262 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by McHugh Group LLC

McHugh Group LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,262 shares of the exchange traded fund’s stock, valued at approximately $1,157,000. Invesco QQQ accounts for 0.9% of McHugh Group LLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other large investors have also recently bought and sold shares of QQQ. Hoese & Co LLP raised its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Legacy Bridge LLC grew its position 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 during the last quarter. BNP Paribas acquired a new position in Invesco QQQ during the third quarter worth about $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ in the fourth quarter worth about $69,000. Finally, Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $73,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.5 %

Shares of Invesco QQQ stock opened at $526.85 on Thursday. The firm’s 50 day moving average is $520.51 and its 200 day moving average is $495.05. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

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