Isomer Partners LP Takes $10.31 Million Position in Invesco QQQ (NASDAQ:QQQ)

Isomer Partners LP purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, Holdings Channel reports. The fund purchased 20,000 shares of the exchange traded fund’s stock, valued at approximately $10,312,000. Invesco QQQ makes up 13.9% of Isomer Partners LP’s holdings, making the stock its 4th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC lifted its position in shares of Invesco QQQ by 0.4% during the 4th 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 during the last quarter. Northeast Investment Management lifted its position in shares of Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares during the last quarter. Planning Capital Management Corp lifted its position in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC lifted its position in shares of Invesco QQQ by 0.5% during the 4th 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 during the last quarter. Finally, 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 acquiring an additional 20 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.4 %

Shares of NASDAQ:QQQ opened at $537.23 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The stock has a fifty day moving average of $523.48 and a 200-day moving average of $500.07.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders 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.