Adero Partners LLC Has $2.49 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Adero Partners LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,860 shares of the exchange traded fund’s stock after buying an additional 500 shares during the period. Adero Partners LLC’s holdings in Invesco QQQ were worth $2,485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Hoese & Co LLP grew its holdings in 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 acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in Invesco QQQ in the third quarter valued at $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ during the 4th quarter worth $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

NASDAQ QQQ opened at $526.85 on Thursday. The business’s 50-day moving average price is $520.08 and its two-hundred day moving average price is $494.82. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

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.