Baker Ellis Asset Management LLC Has $3.35 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Baker Ellis Asset Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 6,555 shares of the exchange traded fund’s stock after purchasing an additional 65 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Invesco QQQ were worth $3,351,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% during the third 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 period. BNP Paribas bought a new stake in Invesco QQQ during the third quarter valued at about $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ during the fourth quarter valued at about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in 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 acquiring an additional 63 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.3 %

NASDAQ QQQ opened at $531.51 on Thursday. The firm has a 50-day simple moving average of $516.33 and a 200 day simple moving average of $492.54. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently announced 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.