Zullo Investment Group Inc. Decreases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Zullo Investment Group Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,165 shares of the exchange traded fund’s stock after selling 64 shares during the period. Zullo Investment Group Inc.’s holdings in Invesco QQQ were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. Toronto Dominion Bank grew its stake in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the period. Cibc World Market Inc. raised its holdings in Invesco QQQ by 90.0% in the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after acquiring an additional 324,948 shares during the last quarter. Finally, Empirical Asset Management LLC lifted its stake in shares of Invesco QQQ by 15,676.3% during the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after purchasing an additional 201,597 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.0 %

Shares of NASDAQ:QQQ opened at $539.52 on Thursday. The business has a fifty day simple moving average of $523.26 and a 200-day simple moving average of $499.81. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date 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.