North Forty Two & Co. Purchases New Position in Invesco QQQ (NASDAQ:QQQ)

North Forty Two & Co. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, Holdings Channel reports. The fund purchased 447 shares of the exchange traded fund’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stephens Consulting LLC boosted its holdings in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after acquiring an additional 19 shares in the last quarter. Cardinal Point Capital Management ULC boosted its holdings in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after acquiring an additional 20 shares in the last quarter. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 20 shares in the last quarter. Finally, RAM Investment Partners LLC boosted its holdings in Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 1.7 %

NASDAQ:QQQ opened at $474.54 on Wednesday. The stock has a market cap of $299.08 billion, a P/E ratio of 30.74 and a beta of 1.11. The firm’s fifty day simple moving average is $513.24 and its 200 day simple moving average is $504.15. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Announces Dividend

The company 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.