Halter Ferguson Financial Inc. Has $39.71 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Halter Ferguson Financial Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ) by 20.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 77,675 shares of the exchange traded fund’s stock after buying an additional 13,273 shares during the period. Invesco QQQ accounts for approximately 16.2% of Halter Ferguson Financial Inc.’s holdings, making the stock its 2nd biggest holding. Halter Ferguson Financial Inc.’s holdings in Invesco QQQ were worth $39,710,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares during the period. Principal Financial Group Inc. boosted its position in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the period. NRI Wealth Management LC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $28,729,000. Garden State Investment Advisory Services LLC boosted its position 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 during the period. Finally, Silverleafe Capital Partners LLC boosted its position in shares of Invesco QQQ by 16.8% during the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after buying an additional 6,518 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $482.77 on Tuesday. The company has a market capitalization of $304.27 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business has a 50 day moving average price of $514.05 and a two-hundred day moving average price of $504.16.

Invesco QQQ Announces Dividend

The business 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 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.