Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Sheridan Capital Management LLC

Sheridan Capital Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,665 shares of the exchange traded fund’s stock after purchasing an additional 59 shares during the quarter. Invesco QQQ comprises about 1.0% of Sheridan Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Sheridan Capital Management LLC’s holdings in Invesco QQQ were worth $1,362,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Hoese & Co LLP lifted its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC raised its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new stake in shares of Invesco QQQ in the 3rd quarter worth approximately $62,000. Brooklyn Investment Group bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its position in Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 3.0 %

Shares of NASDAQ QQQ opened at $513.93 on Tuesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The business’s fifty day moving average price is $517.86 and its two-hundred day moving average price is $493.21.

Invesco QQQ Dividend Announcement

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 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.