Stratos Investment Management LLC Raises Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Stratos Investment Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,041 shares of the exchange traded fund’s stock after purchasing an additional 143 shares during the period. Stratos Investment Management LLC’s holdings in Invesco QQQ were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQ. Silverlake Wealth Management LLC increased its stake in Invesco QQQ by 91.7% during the 4th quarter. Silverlake Wealth Management LLC now owns 6,594 shares of the exchange traded fund’s stock worth $3,371,000 after buying an additional 3,154 shares in the last quarter. Guidance Capital Inc. raised its stake in shares of Invesco QQQ by 5.8% in the fourth quarter. Guidance Capital Inc. now owns 6,563 shares of the exchange traded fund’s stock valued at $3,476,000 after acquiring an additional 362 shares in the last quarter. Tanager Wealth Management LLP raised its stake in shares of Invesco QQQ by 7.0% in the fourth quarter. Tanager Wealth Management LLP now owns 2,230 shares of the exchange traded fund’s stock valued at $1,140,000 after acquiring an additional 145 shares in the last quarter. RFG Holdings Inc. raised its position in shares of Invesco QQQ by 0.5% during the 4th quarter. RFG Holdings Inc. now owns 81,730 shares of the exchange traded fund’s stock worth $41,797,000 after acquiring an additional 387 shares in the last quarter. Finally, Greenwood Capital Associates LLC boosted its holdings in shares of Invesco QQQ by 93.2% in the 4th quarter. Greenwood Capital Associates LLC now owns 8,708 shares of the exchange traded fund’s stock valued at $4,452,000 after buying an additional 4,201 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $526.85 on Thursday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The firm has a fifty day moving average of $520.08 and a two-hundred day moving average of $494.82.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders 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.