Alesco Advisors LLC Acquires New Holdings in Invesco QQQ (NASDAQ:QQQ)

Alesco Advisors LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 740 shares of the exchange traded fund’s stock, valued at approximately $378,000.

Several other hedge funds also recently bought and sold shares of QQQ. PayPay Securities Corp lifted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new stake in Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% during the third 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 last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $508.30 on Monday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm has a market cap of $320.36 billion, a PE ratio of 33.43 and a beta of 1.11. The company has a 50 day simple moving average of $522.05 and a two-hundred day simple moving average of $503.57.

Invesco QQQ Dividend Announcement

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 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.