Pachira Investments Inc. Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

Pachira Investments Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,316 shares of the exchange traded fund’s stock after acquiring an additional 1,330 shares during the quarter. Invesco QQQ accounts for about 4.8% of Pachira Investments Inc.’s holdings, making the stock its 9th largest position. Pachira Investments Inc.’s holdings in Invesco QQQ were worth $7,897,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. lifted its stake in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the period. Armstrong Advisory Group Inc. lifted its position in shares of Invesco QQQ by 4.5% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 8,663 shares of the exchange traded fund’s stock worth $4,228,000 after buying an additional 370 shares during the period. Affiance Financial LLC boosted its stake in Invesco QQQ by 3.9% in the 3rd quarter. Affiance Financial LLC now owns 2,881 shares of the exchange traded fund’s stock valued at $1,406,000 after buying an additional 109 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in Invesco QQQ by 1.5% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 10,139 shares of the exchange traded fund’s stock valued at $4,949,000 after buying an additional 149 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Invesco QQQ by 60.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,538 shares of the exchange traded fund’s stock valued at $2,704,000 after acquiring an additional 2,088 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $529.25 on Tuesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The business has a fifty day moving average of $521.26 and a two-hundred day moving average of $495.90.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.