Cambridge Advisors Inc. Increases Position in Invesco QQQ (NASDAQ:QQQ)

Cambridge Advisors Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,633 shares of the exchange traded fund’s stock after purchasing an additional 143 shares during the period. Cambridge Advisors Inc.’s holdings in Invesco QQQ were worth $1,346,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legacy Bridge LLC increased its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas purchased a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ during the fourth quarter valued at $69,000. Pacifica Partners Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth about $73,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.7 %

Shares of NASDAQ QQQ opened at $521.74 on Monday. The business’s 50 day moving average price is $515.94 and its 200-day moving average price is $492.11. Invesco QQQ has a fifty-two week low of $409.16 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

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