Patten & Patten Inc. TN Buys 51 Shares of Invesco QQQ (NASDAQ:QQQ)

Patten & Patten Inc. TN increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,843 shares of the exchange traded fund’s stock after acquiring an additional 51 shares during the quarter. Patten & Patten Inc. TN’s holdings in Invesco QQQ were worth $1,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CV Advisors LLC boosted its holdings in shares of Invesco QQQ by 8.4% during the 4th quarter. CV Advisors LLC now owns 26,572 shares of the exchange traded fund’s stock valued at $13,556,000 after purchasing an additional 2,055 shares during the last quarter. Intrepid Financial Planning Group LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $1,726,000. Envestnet Portfolio Solutions Inc. boosted its stake in Invesco QQQ by 17.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 49,721 shares of the exchange traded fund’s stock valued at $25,419,000 after buying an additional 7,344 shares during the last quarter. Tidemark LLC boosted its stake in Invesco QQQ by 1.7% during the fourth quarter. Tidemark LLC now owns 4,913 shares of the exchange traded fund’s stock valued at $2,512,000 after buying an additional 81 shares during the last quarter. Finally, Diversified Enterprises LLC boosted its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $2,679,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $479.66 on Friday. The company has a market capitalization of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The stock has a 50 day moving average price of $514.89 and a 200-day moving average price of $503.85.

Invesco QQQ Announces Dividend

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