Addison Advisors LLC Buys 105 Shares of Invesco QQQ (NASDAQ:QQQ)

Addison Advisors LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,396 shares of the exchange traded fund’s stock after acquiring an additional 105 shares during the quarter. Addison Advisors LLC’s holdings in Invesco QQQ were worth $714,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Strategic Financial Concepts LLC boosted its stake in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing an additional 488,815 shares during the last quarter. Cibc World Market Inc. boosted its stake in shares of Invesco QQQ by 90.0% in the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after purchasing an additional 324,948 shares during the last quarter. Bell Bank boosted its stake in shares of Invesco QQQ by 112.7% in the 4th quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock valued at $194,820,000 after purchasing an additional 201,918 shares during the last quarter. Finally, Empirical Asset Management LLC boosted its stake in shares of Invesco QQQ by 15,676.3% in the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock valued at $103,720,000 after purchasing an additional 201,597 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.2 %

Shares of NASDAQ QQQ opened at $519.87 on Tuesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm’s 50-day moving average is $523.02 and its 200-day moving average is $502.10.

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 paid a dividend of $0.8347 per share. 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.