Seros Financial LLC Acquires Shares of 28,489 Invesco QQQ (NASDAQ:QQQ)

Seros Financial LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,489 shares of the exchange traded fund’s stock, valued at approximately $13,649,000. Invesco QQQ accounts for about 12.4% of Seros Financial LLC’s portfolio, making the stock its largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in Invesco QQQ during the 3rd quarter worth about $62,000. Brooklyn Investment Group purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $69,000. Finally, Pacifica Partners Inc. purchased a new position in Invesco QQQ during the fourth quarter valued at $73,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

NASDAQ:QQQ opened at $532.64 on Friday. The stock has a 50 day moving average price of $516.72 and a 200 day moving average price of $492.81. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.