Invesco QQQ (NASDAQ:QQQ) Shares Bought by True North Advisors LLC

True North Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,661 shares of the exchange traded fund’s stock after buying an additional 268 shares during the period. True North Advisors LLC’s holdings in Invesco QQQ were worth $1,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hoese & Co LLP grew 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 valued at $42,000 after buying an additional 20 shares during the last quarter. Legacy Bridge LLC grew its holdings in shares of Invesco QQQ by 60.0% during the third 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 last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ during the 4th quarter worth approximately $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $531.51 on Thursday. The company’s 50 day simple moving average is $516.33 and its 200-day simple moving average is $492.54. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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.

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.