Winebrenner Capital Management LLC Invests $1.73 Million in Invesco QQQ (NASDAQ:QQQ)

Winebrenner Capital Management LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 3,388 shares of the exchange traded fund’s stock, valued at approximately $1,732,000. Invesco QQQ makes up 1.3% of Winebrenner Capital Management LLC’s investment portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Strategic Financial Concepts LLC increased its holdings in Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. Toronto Dominion Bank increased its holdings in Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Cibc World Market Inc. increased its holdings in Invesco QQQ by 90.0% during the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after purchasing an additional 324,948 shares during the period. Bell Bank increased its holdings in Invesco QQQ by 112.7% during the 4th quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock worth $194,820,000 after purchasing an additional 201,918 shares during the period. Finally, Empirical Asset Management LLC boosted its position in Invesco QQQ by 15,676.3% during the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock valued at $103,720,000 after acquiring an additional 201,597 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 2.1 %

Shares of NASDAQ QQQ opened at $526.08 on Friday. The stock’s fifty day simple moving average is $523.39 and its two-hundred day simple moving average is $500.70. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. 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.