Griffin Asset Management Inc. Buys 113 Shares of Invesco QQQ (NASDAQ:QQQ)

Griffin Asset Management Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,350 shares of the exchange traded fund’s stock after purchasing an additional 113 shares during the period. Griffin Asset Management Inc.’s holdings in Invesco QQQ were worth $8,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hoese & Co LLP grew its holdings in shares of Invesco QQQ by 32.3% during 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 raised its holdings in Invesco QQQ by 60.0% in 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 acquired a new stake in Invesco QQQ during the 3rd quarter worth approximately $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ during the 4th quarter worth approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its position in Invesco QQQ by 75.9% in 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 acquiring an additional 63 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 1.5 %

QQQ stock opened at $521.88 on Wednesday. The company has a fifty day moving average price of $518.14 and a 200-day moving average price of $493.37. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

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