Antonelli Financial Advisors LLC Buys Shares of 30,114 Invesco QQQ (NASDAQ:QQQ)

Antonelli Financial Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, HoldingsChannel reports. The firm purchased 30,114 shares of the exchange traded fund’s stock, valued at approximately $15,395,000. Invesco QQQ makes up approximately 13.0% of Antonelli Financial Advisors LLC’s investment portfolio, making the stock its largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the 4th quarter worth about $37,000. Hoese & Co LLP raised its stake in 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 purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the 4th quarter valued at about $51,000. Finally, BNP Paribas acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth about $62,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $479.26 on Friday. The firm has a market cap of $302.05 billion, a PE ratio of 30.74 and a beta of 1.11. The firm has a 50 day simple moving average of $511.83 and a 200-day simple moving average of $503.82. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

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