Quad Cities Investment Group LLC Has $4.92 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Quad Cities Investment Group LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,616 shares of the exchange traded fund’s stock after buying an additional 105 shares during the period. Invesco QQQ comprises approximately 2.4% of Quad Cities Investment Group LLC’s holdings, making the stock its 9th largest position. Quad Cities Investment Group LLC’s holdings in Invesco QQQ were worth $4,916,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Quantum Financial Advisors LLC bought a new position in Invesco QQQ in the 4th quarter worth $1,333,000. Ignite Planners LLC boosted its holdings in shares of Invesco QQQ by 4.0% during the 4th quarter. Ignite Planners LLC now owns 4,312 shares of the exchange traded fund’s stock valued at $2,236,000 after purchasing an additional 167 shares during the last quarter. David J Yvars Group boosted its holdings in shares of Invesco QQQ by 4.3% during the 4th quarter. David J Yvars Group now owns 26,773 shares of the exchange traded fund’s stock valued at $13,687,000 after purchasing an additional 1,114 shares during the last quarter. Cardinal Point Capital Management ULC boosted its holdings in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after purchasing an additional 20 shares during the last quarter. Finally, Wallace Advisory Group LLC boosted its holdings in shares of Invesco QQQ by 27.0% during the 4th quarter. Wallace Advisory Group LLC now owns 1,222 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $505.08 on Wednesday. The firm has a 50-day simple moving average of $515.57 and a two-hundred day simple moving average of $491.47. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

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

Invesco QQQ 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.