Traphagen Investment Advisors LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Traphagen Investment Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 289.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,704 shares of the exchange traded fund’s stock after acquiring an additional 1,267 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Invesco QQQ were worth $871,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of QQQ. International Assets Investment Management LLC raised its position in shares of Invesco QQQ by 46,491.6% during the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares during the period. Granite Bay Wealth Management LLC increased its position in Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after buying an additional 894,532 shares during the period. Toronto Dominion Bank increased its holdings in shares of Invesco QQQ by 13.0% in 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 acquiring an additional 488,815 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Invesco QQQ by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after purchasing an additional 338,494 shares during the period. Finally, Empirical Asset Management LLC raised its stake 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. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $531.51 on Thursday. The firm’s 50-day moving average is $516.33 and its two-hundred day moving average is $492.54. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

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.

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.