Nicholas Hoffman & Company LLC. Has $83.67 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Nicholas Hoffman & Company LLC. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 163,659 shares of the exchange traded fund’s stock after buying an additional 646 shares during the period. Invesco QQQ accounts for about 3.3% of Nicholas Hoffman & Company LLC.’s portfolio, making the stock its 8th largest holding. Nicholas Hoffman & Company LLC.’s holdings in Invesco QQQ were worth $83,667,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Toronto Dominion Bank boosted its stake in Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its holdings in Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after buying an additional 13,772 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in Invesco QQQ by 0.3% during the third quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock worth $425,324,000 after buying an additional 2,572 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $538.15 on Monday. The company’s 50-day moving average is $522.38 and its 200 day moving average is $498.14. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company 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.