Tallon Kerry Patrick Purchases Shares of 9,611 Invesco QQQ (NASDAQ:QQQ)

Tallon Kerry Patrick purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,611 shares of the exchange traded fund’s stock, valued at approximately $4,904,000. Invesco QQQ comprises approximately 4.7% of Tallon Kerry Patrick’s investment portfolio, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Bridge LLC raised its position in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $62,000. Pacifica Partners Inc. bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $73,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 63 shares in the last quarter. Finally, Providence Capital Advisors LLC bought a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $76,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $513.08 on Friday. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15. The stock has a 50 day moving average price of $515.79 and a 200-day moving average price of $491.65.

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 paid a $0.8347 dividend. 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.