Beacon Capital Management LLC Has $52.12 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Beacon Capital Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,943 shares of the exchange traded fund’s stock after acquiring an additional 14,417 shares during the quarter. Invesco QQQ makes up approximately 6.8% of Beacon Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Beacon Capital Management LLC’s holdings in Invesco QQQ were worth $52,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Next Level Wealth Planning LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $288,000. TigerOak Management L.L.C. bought a new position in shares of Invesco QQQ in the fourth quarter worth about $1,215,000. Erickson Financial Group LLC lifted its holdings in shares of Invesco QQQ by 0.8% in the fourth quarter. Erickson Financial Group LLC now owns 28,154 shares of the exchange traded fund’s stock worth $14,393,000 after acquiring an additional 218 shares during the last quarter. Tanglewood Legacy Advisors LLC lifted its holdings in shares of Invesco QQQ by 5.9% in the fourth quarter. Tanglewood Legacy Advisors LLC now owns 5,731 shares of the exchange traded fund’s stock worth $2,930,000 after acquiring an additional 319 shares during the last quarter. Finally, Highland Financial Advisors LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $200,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4 %

Shares of NASDAQ QQQ opened at $538.15 on Friday. The company has a 50 day simple moving average of $522.38 and a 200 day simple moving average of $497.86. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued 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.