Berkeley Capital Partners LLC Takes $10.07 Million Position in Invesco QQQ (NASDAQ:QQQ)

Berkeley Capital Partners LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 19,696 shares of the exchange traded fund’s stock, valued at approximately $10,069,000. Invesco QQQ makes up 2.8% of Berkeley Capital Partners LLC’s investment portfolio, making the stock its 5th largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Industrial Alliance Investment Management Inc. lifted its holdings in shares of Invesco QQQ by 8.5% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 148,102 shares of the exchange traded fund’s stock worth $75,714,000 after acquiring an additional 11,637 shares during the last quarter. TAP Consulting LLC lifted its holdings in shares of Invesco QQQ by 12.0% during the 4th quarter. TAP Consulting LLC now owns 29,919 shares of the exchange traded fund’s stock worth $15,296,000 after acquiring an additional 3,207 shares during the last quarter. Sandy Spring Bank lifted its holdings in shares of Invesco QQQ by 3.1% during the 4th quarter. Sandy Spring Bank now owns 12,620 shares of the exchange traded fund’s stock worth $6,452,000 after acquiring an additional 379 shares during the last quarter. First Financial Bankshares Inc lifted its holdings in shares of Invesco QQQ by 66.7% during the 4th quarter. First Financial Bankshares Inc now owns 960 shares of the exchange traded fund’s stock worth $491,000 after acquiring an additional 384 shares during the last quarter. Finally, GM Advisory Group LLC lifted its holdings in shares of Invesco QQQ by 12.5% during the 4th quarter. GM Advisory Group LLC now owns 2,228 shares of the exchange traded fund’s stock worth $1,139,000 after acquiring an additional 247 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 1.3 %

Invesco QQQ stock opened at $480.89 on Thursday. The company has a market capitalization of $303.08 billion, a PE ratio of 30.74 and a beta of 1.11. The firm has a fifty day simple moving average of $512.55 and a two-hundred day simple moving average of $503.99. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.