Guidance Capital Inc. Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Guidance Capital Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,563 shares of the exchange traded fund’s stock after purchasing an additional 362 shares during the quarter. Invesco QQQ makes up 1.1% of Guidance Capital Inc.’s portfolio, making the stock its 15th biggest holding. Guidance Capital Inc.’s holdings in Invesco QQQ were worth $3,476,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Hoese & Co LLP increased its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC raised 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 buying an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in Invesco QQQ during the third quarter worth approximately $62,000. Brooklyn Investment Group acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $69,000. Finally, Pacifica Partners Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $524.47 on Wednesday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The business’s fifty day moving average is $519.78 and its two-hundred day moving average is $494.47.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.