Newbridge Financial Services Group Inc. Has $7.96 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Newbridge Financial Services Group Inc. grew its position in Invesco QQQ (NASDAQ:QQQ) by 8.5% in the fourth quarter, Holdings Channel reports. The fund owned 15,565 shares of the exchange traded fund’s stock after acquiring an additional 1,221 shares during the quarter. Invesco QQQ accounts for 2.0% of Newbridge Financial Services Group Inc.’s portfolio, making the stock its 6th largest holding. Newbridge Financial Services Group Inc.’s holdings in Invesco QQQ were worth $7,957,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% during the 4th 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 period. Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ in the 3rd quarter worth about $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $69,000. Finally, Pacifica Partners Inc. bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $522.92 on Friday. The firm’s 50-day simple moving average is $521.26 and its 200 day simple moving average is $495.57. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

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 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.