Mcdonald Partners LLC Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Mcdonald Partners LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,194 shares of the exchange traded fund’s stock after buying an additional 219 shares during the quarter. Mcdonald Partners LLC’s holdings in Invesco QQQ were worth $2,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. PayPay Securities Corp grew its holdings in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $37,000. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% in the fourth 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 last quarter. Legacy Bridge LLC increased its holdings in 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 purchasing an additional 45 shares during the period. Finally, BNP Paribas purchased a new position in Invesco QQQ during the 3rd quarter valued at about $62,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4 %

NASDAQ QQQ opened at $538.15 on Tuesday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The stock has a 50 day simple moving average of $522.69 and a two-hundred day simple moving average of $498.89.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid 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.