VitalStone Financial LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 302.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,403 shares of the exchange traded fund's stock after purchasing an additional 16,079 shares during the period. Invesco QQQ accounts for about 6.8% of VitalStone Financial LLC's holdings, making the stock its 2nd largest holding. VitalStone Financial LLC's holdings in Invesco QQQ were worth $8,099,000 at the end of the most recent quarter.
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Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avalon Trust Co purchased a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $28,000. VisionPoint Advisory Group LLC bought a new position in Invesco QQQ in the 2nd quarter worth about $36,000. Russell Investments Group Ltd. bought a new position in Invesco QQQ in the 2nd quarter worth about $44,000. Core Wealth Advisors Inc. boosted its stake in Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund's stock worth $43,000 after purchasing an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its stake in Invesco QQQ by 104.0% in the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund's stock worth $48,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company's stock.
Invesco QQQ Stock Performance
Invesco QQQ stock traded down $5.40 during mid-day trading on Friday, reaching $440.05. The stock had a trading volume of 49,936,402 shares, compared to its average volume of 44,973,762. The company has a 50-day moving average price of $423.82 and a two-hundred day moving average price of $392.67. Invesco QQQ has a one year low of $285.19 and a one year high of $448.64.
Invesco QQQ Dividend Announcement
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The company also recently declared a None dividend, which was paid on Monday, January 15th. Investors of record on Thursday, December 28th were paid a $0.2158 dividend. The ex-dividend date was Wednesday, December 27th.
Invesco QQQ Profile
(Free Report)
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.
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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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