Financial Perspectives Inc Has $1.56 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Financial Perspectives Inc grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,051 shares of the exchange traded fund’s stock after acquiring an additional 50 shares during the period. Financial Perspectives Inc’s holdings in Invesco QQQ were worth $1,560,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in QQQ. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP increased its position in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. Finally, BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter worth approximately $62,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.2 %

Shares of NASDAQ QQQ opened at $539.37 on Wednesday. The business’s 50 day moving average is $523.07 and its two-hundred day moving average is $499.53. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.00.

Invesco QQQ Announces Dividend

The firm also recently declared 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.