Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Founders Capital Management LLC

Founders Capital Management LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,697 shares of the exchange traded fund’s stock after buying an additional 183 shares during the period. Invesco QQQ comprises 1.2% of Founders Capital Management LLC’s investment portfolio, making the stock its 21st largest holding. Founders Capital Management LLC’s holdings in Invesco QQQ were worth $7,002,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Comprehensive Financial Consultants Institutional Inc. raised its position in Invesco QQQ by 4.5% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 8,023 shares of the exchange traded fund’s stock worth $4,102,000 after acquiring an additional 346 shares in the last quarter. Brio Consultants LLC boosted its position in Invesco QQQ by 26.8% during the fourth quarter. Brio Consultants LLC now owns 1,277 shares of the exchange traded fund’s stock worth $653,000 after acquiring an additional 270 shares during the last quarter. Independence Bank of Kentucky increased its stake in Invesco QQQ by 38.4% in the fourth quarter. Independence Bank of Kentucky now owns 5,937 shares of the exchange traded fund’s stock valued at $3,035,000 after purchasing an additional 1,648 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $3,163,000. Finally, Blossom Wealth Management purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $204,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $522.29 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company’s 50 day moving average price is $519.55 and its 200 day moving average price is $494.13.

Invesco QQQ Announces Dividend

The business also recently declared 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.

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.