Centerpoint Advisors LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Centerpoint Advisors LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 46.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 485 shares of the exchange traded fund’s stock after purchasing an additional 153 shares during the period. Centerpoint Advisors LLC’s holdings in Invesco QQQ were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its holdings in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at $37,000. Hoese & Co LLP grew its holdings in 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 acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. Finally, BNP Paribas purchased a new position in shares of Invesco QQQ in the third quarter valued at about $62,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4 %

Invesco QQQ stock opened at $538.15 on Tuesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The firm has a 50-day moving average of $522.38 and a 200-day moving average of $498.34.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.