TFB Advisors LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

TFB Advisors LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 32.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,880 shares of the exchange traded fund’s stock after purchasing an additional 1,690 shares during the period. Invesco QQQ comprises 1.0% of TFB Advisors LLC’s holdings, making the stock its 18th largest position. TFB Advisors LLC’s holdings in Invesco QQQ were worth $3,517,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hoese & Co LLP lifted its position 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 valued at $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its position in shares of Invesco QQQ by 60.0% during the 3rd 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 purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at $62,000. Brooklyn Investment Group purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its position in shares of 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 valued at $71,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $527.99 on Wednesday. The stock’s 50-day simple moving average is $521.54 and its 200 day simple moving average is $496.40. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

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 issued a dividend of $0.8347 per share. 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.