Invesco QQQ (NASDAQ:QQQ) is Socha Financial Group LLC’s 2nd Largest Position

Socha Financial Group LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,033 shares of the exchange traded fund’s stock after acquiring an additional 3,383 shares during the period. Invesco QQQ makes up 22.8% of Socha Financial Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Socha Financial Group LLC’s holdings in Invesco QQQ were worth $48,584,000 as of its most recent filing with the Securities & Exchange Commission.

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

Invesco QQQ Stock Performance

QQQ stock opened at $529.60 on Friday. The company’s 50 day simple moving average is $520.51 and its 200-day simple moving average is $495.05. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

The company 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 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.