TFB Advisors LLC Acquires 1,690 Shares of Invesco QQQ (NASDAQ:QQQ)

TFB Advisors LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 32.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,880 shares of the exchange traded fund’s stock after purchasing an additional 1,690 shares during the quarter. Invesco QQQ comprises 1.0% of TFB Advisors LLC’s holdings, making the stock its 18th largest holding. TFB Advisors LLC’s holdings in Invesco QQQ were worth $3,517,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Capital Advisors Inc. OK increased its holdings in shares of Invesco QQQ by 66.0% during the fourth quarter. Capital Advisors Inc. OK now owns 17,216 shares of the exchange traded fund’s stock valued at $8,801,000 after acquiring an additional 6,846 shares in the last quarter. TCV Trust & Wealth Management Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $629,000. David Wealth Management LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $631,000. Schear Investment Advisers LLC increased its holdings in shares of Invesco QQQ by 201.5% during the fourth quarter. Schear Investment Advisers LLC now owns 21,247 shares of the exchange traded fund’s stock valued at $10,862,000 after acquiring an additional 14,200 shares in the last quarter. Finally, Ridgeline Wealth Planning LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $4,871,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $527.99 on Wednesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The business has a 50 day moving average price of $521.54 and a 200-day moving average price of $496.40.

Invesco QQQ Dividend Announcement

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