Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 272,632 shares of the exchange traded fund’s stock after purchasing an additional 6,385 shares during the period. Invesco QQQ makes up about 2.0% of Stephens Inc. AR’s portfolio, making the stock its 4th largest holding. Stephens Inc. AR’s holdings in Invesco QQQ were worth $139,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC increased its stake in 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 acquiring an additional 45 shares during the last quarter. BNP Paribas acquired a new position in Invesco QQQ during the third quarter valued at approximately $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ during the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $522.92 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The stock has a fifty day moving average of $521.26 and a 200-day moving average of $495.57.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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.