Invesco QQQ (NASDAQ:QQQ) Shares Purchased by E&G Advisors LP

E&G Advisors LP increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,228 shares of the exchange traded fund’s stock after buying an additional 365 shares during the quarter. Invesco QQQ comprises about 3.9% of E&G Advisors LP’s holdings, making the stock its 4th largest position. E&G Advisors LP’s holdings in Invesco QQQ were worth $14,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Hoese & Co LLP grew 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 buying an additional 20 shares during the last quarter. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new stake in shares of Invesco QQQ in the 3rd quarter worth approximately $62,000. Brooklyn Investment Group acquired a new position in shares of Invesco QQQ in the 4th quarter worth $69,000. Finally, Pacifica Partners Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth about $73,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $518.11 on Tuesday. The stock’s 50 day moving average price is $519.55 and its 200 day moving average price is $494.20. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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.