Invesco QQQ (NASDAQ:QQQ) Stake Raised by CRA Financial Services LLC

CRA Financial Services LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,665 shares of the exchange traded fund’s stock after buying an additional 710 shares during the quarter. Invesco QQQ comprises about 3.4% of CRA Financial Services LLC’s investment portfolio, making the stock its 5th biggest position. CRA Financial Services LLC’s holdings in Invesco QQQ were worth $19,767,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $37,000. Hoese & Co LLP grew its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% in the third 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. Finally, BNP Paribas acquired a new position in Invesco QQQ in the third quarter valued at $62,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $538.15 on Tuesday. The stock’s 50-day moving average price is $522.38 and its two-hundred day moving average price is $498.34. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Dividend Announcement

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