Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Socha Financial Group LLC

Socha Financial Group LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 3.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,033 shares of the exchange traded fund’s stock after buying an additional 3,383 shares during the quarter. Invesco QQQ makes up about 22.8% of Socha Financial Group LLC’s holdings, making the stock its 2nd biggest position. Socha Financial Group LLC’s holdings in Invesco QQQ were worth $48,584,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Stephens Consulting LLC grew its holdings in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after buying an additional 19 shares in the last quarter. Northeast Investment Management lifted its stake in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp increased its holdings in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 20 shares during the period. Cardinal Point Capital Management ULC raised its stake in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after acquiring an additional 20 shares in the last quarter. Finally, Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.5 %

Shares of QQQ opened at $529.60 on Friday. The business’s 50-day moving average is $520.51 and its two-hundred day moving average is $495.05. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date 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.