BluePath Capital Management LLC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

BluePath Capital Management LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,775 shares of the exchange traded fund’s stock after purchasing an additional 506 shares during the quarter. Invesco QQQ makes up 0.8% of BluePath Capital Management LLC’s holdings, making the stock its 26th largest position. BluePath Capital Management LLC’s holdings in Invesco QQQ were worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of QQQ. Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas purchased a new position in shares of Invesco QQQ in the third quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE lifted its holdings in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares in the last quarter. Pacifica Partners Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at about $73,000. Finally, Providence Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the second quarter valued at approximately $76,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 2.3 %

NASDAQ:QQQ opened at $516.67 on Thursday. Invesco QQQ has a 1-year low of $402.92 and a 1-year high of $539.15. The company’s 50-day moving average is $515.57 and its two-hundred day moving average is $491.47.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend 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.