Nelson Capital Management LLC Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Nelson Capital Management LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 162.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,250 shares of the exchange traded fund’s stock after purchasing an additional 1,393 shares during the quarter. Nelson Capital Management LLC’s holdings in Invesco QQQ were worth $1,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the fourth quarter worth $37,000. Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% in the 4th 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. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $51,000. Finally, Legacy Bridge LLC grew its stake in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $513.32 on Wednesday. The firm has a market capitalization of $326.50 billion, a price-to-earnings ratio of 33.43 and a beta of 1.09. The company’s 50 day moving average price is $522.57 and its 200 day moving average price is $502.54. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Dividend Announcement

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