Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA raised its position in Invesco QQQ (NASDAQ:QQQ) by 102.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 921 shares of the exchange traded fund’s stock after acquiring an additional 465 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Invesco QQQ were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. SOA Wealth Advisors LLC. raised its position in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC raised its position in shares of Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after purchasing an additional 1,854 shares during the period. Catalyst Financial Partners LLC boosted its stake in Invesco QQQ by 4.5% during the 3rd quarter. Catalyst Financial Partners LLC now owns 692 shares of the exchange traded fund’s stock valued at $338,000 after purchasing an additional 30 shares during the period. Pacific Wealth Strategies Group Inc. grew its holdings in Invesco QQQ by 10.0% in the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 21,443 shares of the exchange traded fund’s stock worth $10,466,000 after buying an additional 1,954 shares in the last quarter. Finally, Stephens Inc. AR grew its stake in shares of Invesco QQQ by 5.0% in the third quarter. Stephens Inc. AR now owns 266,247 shares of the exchange traded fund’s stock worth $129,947,000 after purchasing an additional 12,738 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.6 %

Shares of Invesco QQQ stock opened at $508.30 on Friday. The company’s 50-day moving average price is $522.05 and its two-hundred day moving average price is $503.00. The stock has a market cap of $320.36 billion, a PE ratio of 33.43 and a beta of 1.11. 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. 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.