Gladstone Institutional Advisory LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Gladstone Institutional Advisory LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 30.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,374 shares of the exchange traded fund’s stock after acquiring an additional 9,127 shares during the quarter. Invesco QQQ accounts for approximately 0.9% of Gladstone Institutional Advisory LLC’s investment portfolio, making the stock its 21st biggest position. Gladstone Institutional Advisory LLC’s holdings in Invesco QQQ were worth $20,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC grew its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after buying an additional 19 shares in the last quarter. Northeast Investment Management boosted its stake in Invesco QQQ by 0.6% during the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares during the last quarter. Planning Capital Management Corp grew its holdings in Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC increased its position in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares during the last quarter. Finally, Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.2 %

Shares of QQQ stock opened at $527.99 on Wednesday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company’s 50-day simple moving average is $521.54 and its 200-day simple moving average is $496.40.

Invesco QQQ Announces Dividend

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