Choate Investment Advisors Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Choate Investment Advisors lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,137 shares of the exchange traded fund’s stock after purchasing an additional 22 shares during the quarter. Choate Investment Advisors’ holdings in Invesco QQQ were worth $12,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Diversified Enterprises LLC raised its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock worth $2,679,000 after purchasing an additional 20 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Invesco QQQ by 8.6% in the fourth quarter. Natixis Advisors LLC now owns 29,939 shares of the exchange traded fund’s stock worth $15,306,000 after acquiring an additional 2,368 shares during the period. First Financial Group Corp bought a new stake in shares of Invesco QQQ in the fourth quarter worth $1,688,000. Family Firm Inc. grew its holdings in shares of Invesco QQQ by 6.4% in the fourth quarter. Family Firm Inc. now owns 814 shares of the exchange traded fund’s stock worth $416,000 after acquiring an additional 49 shares during the period. Finally, Copperwynd Financial LLC grew its holdings in shares of Invesco QQQ by 5.3% in the fourth quarter. Copperwynd Financial LLC now owns 54,458 shares of the exchange traded fund’s stock worth $27,840,000 after acquiring an additional 2,763 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $479.66 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The firm has a market capitalization of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11. The business has a fifty day moving average of $514.89 and a 200 day moving average of $503.85.

Invesco QQQ Announces Dividend

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