Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 20.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,028 shares of the exchange traded fund’s stock after buying an additional 504 shares during the quarter. Great Lakes Advisors LLC’s holdings in Invesco QQQ were worth $1,548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Truvestments Capital LLC raised its stake in Invesco QQQ by 1.0% in the 4th quarter. Truvestments Capital LLC now owns 36,014 shares of the exchange traded fund’s stock valued at $18,411,000 after purchasing an additional 368 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in Invesco QQQ in the 4th quarter valued at about $1,317,000. Hopwood Financial Services Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at about $378,000. Chicago Wealth Management Inc. raised its stake in Invesco QQQ by 4.8% in the 4th quarter. Chicago Wealth Management Inc. now owns 15,607 shares of the exchange traded fund’s stock valued at $7,979,000 after purchasing an additional 715 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Invesco QQQ by 23.5% in the 4th quarter. Farther Finance Advisors LLC now owns 37,261 shares of the exchange traded fund’s stock valued at $19,049,000 after purchasing an additional 7,081 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $479.66 on Friday. The stock has a market capitalization of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The business has a 50-day moving average of $514.89 and a two-hundred day moving average of $503.85. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

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 issued a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company 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.