DeDora Capital Inc. Has $4.99 Million Stake in Invesco QQQ (NASDAQ:QQQ)

DeDora Capital Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,761 shares of the exchange traded fund’s stock after purchasing an additional 95 shares during the quarter. Invesco QQQ comprises 1.4% of DeDora Capital Inc.’s investment portfolio, making the stock its 19th largest holding. DeDora Capital Inc.’s holdings in Invesco QQQ were worth $4,990,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Roman Butler Fullerton & Co. increased its stake in shares of Invesco QQQ by 101.3% in the 4th quarter. Roman Butler Fullerton & Co. now owns 8,436 shares of the exchange traded fund’s stock valued at $4,338,000 after acquiring an additional 4,245 shares in the last quarter. Kanawha Capital Management LLC increased its stake in shares of Invesco QQQ by 0.8% in the 4th quarter. Kanawha Capital Management LLC now owns 5,644 shares of the exchange traded fund’s stock valued at $2,885,000 after acquiring an additional 43 shares in the last quarter. Vicus Capital increased its stake in shares of Invesco QQQ by 0.7% in the 4th quarter. Vicus Capital now owns 35,723 shares of the exchange traded fund’s stock valued at $18,263,000 after acquiring an additional 242 shares in the last quarter. CFC Planning Co LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at $2,429,000. Finally, Squire Investment Management Company LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at $209,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $538.15 on Friday. The firm has a fifty day simple moving average of $522.14 and a two-hundred day simple moving average of $497.35. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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.