Mcdonald Partners LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

Mcdonald Partners LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,194 shares of the exchange traded fund’s stock after purchasing an additional 219 shares during the quarter. Mcdonald Partners LLC’s holdings in Invesco QQQ were worth $2,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Proactive Wealth Strategies LLC increased its stake in Invesco QQQ by 32.3% in the fourth quarter. Proactive Wealth Strategies LLC now owns 2,855 shares of the exchange traded fund’s stock valued at $1,459,000 after acquiring an additional 697 shares during the last quarter. Creative Capital Management Investments LLC boosted its holdings in shares of Invesco QQQ by 740.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 111 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Invesco QQQ by 38.4% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 25,173 shares of the exchange traded fund’s stock valued at $12,875,000 after purchasing an additional 6,988 shares during the last quarter. Traction Financial Partners LLC raised its holdings in shares of Invesco QQQ by 2.4% during the 4th quarter. Traction Financial Partners LLC now owns 29,163 shares of the exchange traded fund’s stock valued at $14,909,000 after buying an additional 686 shares in the last quarter. Finally, Steele Capital Management Inc. lifted its position in Invesco QQQ by 0.3% in the 4th quarter. Steele Capital Management Inc. now owns 208,371 shares of the exchange traded fund’s stock worth $106,526,000 after buying an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

Shares of QQQ opened at $538.15 on Tuesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The stock has a 50 day simple moving average of $522.69 and a two-hundred day simple moving average of $498.89.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend 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.