Seamount Financial Group Inc. Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Seamount Financial Group Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,951 shares of the exchange traded fund’s stock after purchasing an additional 582 shares during the period. Invesco QQQ accounts for approximately 2.1% of Seamount Financial Group Inc.’s holdings, making the stock its 10th largest holding. Seamount Financial Group Inc.’s holdings in Invesco QQQ were worth $3,042,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Platform Technology Partners lifted its stake in shares of Invesco QQQ by 2.0% during the fourth quarter. Platform Technology Partners now owns 3,618 shares of the exchange traded fund’s stock valued at $1,850,000 after acquiring an additional 71 shares during the period. Dock Street Asset Management Inc. lifted its position in Invesco QQQ by 6.4% during the 4th quarter. Dock Street Asset Management Inc. now owns 3,439 shares of the exchange traded fund’s stock valued at $1,758,000 after purchasing an additional 206 shares during the period. Bright Financial Advisors Inc. boosted its stake in shares of Invesco QQQ by 0.8% in the 4th quarter. Bright Financial Advisors Inc. now owns 6,529 shares of the exchange traded fund’s stock valued at $3,338,000 after purchasing an additional 55 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $15,593,000. Finally, Gilliland Jeter Wealth Management LLC raised its stake in shares of Invesco QQQ by 10.8% during the fourth quarter. Gilliland Jeter Wealth Management LLC now owns 1,973 shares of the exchange traded fund’s stock worth $1,009,000 after buying an additional 192 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $522.92 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The company’s 50 day simple moving average is $521.00 and its 200 day simple moving average is $495.29.

Invesco QQQ Announces Dividend

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