Invesco QQQ (NASDAQ:QQQ) Shares Bought by Carlson Capital Management

Carlson Capital Management boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,860 shares of the exchange traded fund’s stock after purchasing an additional 183 shares during the period. Carlson Capital Management’s holdings in Invesco QQQ were worth $951,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC grew its holdings in shares of Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. boosted its stake in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the period. NRI Wealth Management LC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $28,729,000. Garden State Investment Advisory Services LLC boosted its stake in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after purchasing an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC boosted its stake in shares of Invesco QQQ by 16.8% in the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock valued at $23,165,000 after purchasing an additional 6,518 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.6 %

Shares of NASDAQ:QQQ opened at $482.77 on Tuesday. The firm’s 50 day moving average price is $514.05 and its 200 day moving average price is $504.16. The stock has a market cap of $304.27 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Dividend Announcement

The company 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 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.