Nvest Financial LLC Acquires 910 Shares of Invesco QQQ (NASDAQ:QQQ)

Nvest Financial LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,384 shares of the exchange traded fund’s stock after acquiring an additional 910 shares during the period. Invesco QQQ comprises about 1.7% of Nvest Financial LLC’s investment portfolio, making the stock its 15th largest holding. Nvest Financial LLC’s holdings in Invesco QQQ were worth $3,264,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of QQQ. GAMMA Investing LLC boosted its stake in Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after purchasing an additional 11,351 shares in the last quarter. Socha Financial Group LLC boosted its position in shares of Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares during the period. NRI Wealth Management LC bought a new position in shares of Invesco QQQ during the fourth quarter worth about $28,729,000. Finally, Garden State Investment Advisory Services LLC grew its holdings in shares of Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 3,581 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $520.83 on Thursday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The stock’s 50 day moving average price is $518.51 and its two-hundred day moving average price is $493.56.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given 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.