Constellation Investments Inc. Buys Shares of 167,000 Invesco QQQ (NASDAQ:QQQ)

Constellation Investments Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 167,000 shares of the exchange traded fund’s stock, valued at approximately $85,375,000. Invesco QQQ accounts for approximately 3.9% of Constellation Investments Inc.’s portfolio, making the stock its 7th largest holding.

Other hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. boosted its holdings in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after acquiring an additional 46 shares in the last quarter. Matrix Asset Advisors Inc. NY raised its position in shares of Invesco QQQ by 12.8% in the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 1,250 shares of the exchange traded fund’s stock valued at $610,000 after purchasing an additional 142 shares during the last quarter. Annex Advisory Services LLC boosted its stake in Invesco QQQ by 5.8% in the 3rd quarter. Annex Advisory Services LLC now owns 3,792 shares of the exchange traded fund’s stock worth $1,851,000 after purchasing an additional 207 shares in the last quarter. Retirement Planning Group LLC grew its position in Invesco QQQ by 40.2% during the 3rd quarter. Retirement Planning Group LLC now owns 43,416 shares of the exchange traded fund’s stock worth $21,190,000 after purchasing an additional 12,458 shares during the last quarter. Finally, Darrow Company Inc. increased its stake in Invesco QQQ by 1.1% during the 3rd quarter. Darrow Company Inc. now owns 38,431 shares of the exchange traded fund’s stock valued at $18,753,000 after purchasing an additional 407 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.3 %

NASDAQ:QQQ opened at $522.92 on Monday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The firm has a fifty day simple moving average of $521.26 and a 200-day simple moving average of $495.67.

Invesco QQQ Announces Dividend

The company also recently declared 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.

Invesco QQQ Company 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.