Greenwood Capital Associates LLC Has $4.45 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Greenwood Capital Associates LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 93.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,708 shares of the exchange traded fund’s stock after purchasing an additional 4,201 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Invesco QQQ were worth $4,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. GAMMA Investing LLC lifted its position in shares of Invesco QQQ by 21.7% in the third quarter. GAMMA Investing LLC now owns 1,290 shares of the exchange traded fund’s stock valued at $630,000 after buying an additional 230 shares during the last quarter. Bricktown Capital LLC raised its stake in Invesco QQQ by 314.3% in the 3rd quarter. Bricktown Capital LLC now owns 3,849 shares of the exchange traded fund’s stock valued at $1,879,000 after acquiring an additional 2,920 shares during the period. WealthBridge Capital Management LLC lifted its holdings in Invesco QQQ by 10.9% during the 3rd quarter. WealthBridge Capital Management LLC now owns 22,180 shares of the exchange traded fund’s stock valued at $10,825,000 after purchasing an additional 2,188 shares during the last quarter. Smith Anglin Financial LLC boosted its position in Invesco QQQ by 3.2% during the third quarter. Smith Anglin Financial LLC now owns 7,070 shares of the exchange traded fund’s stock worth $3,451,000 after purchasing an additional 221 shares during the period. Finally, Consilio Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 0.8% in the third quarter. Consilio Wealth Advisors LLC now owns 34,062 shares of the exchange traded fund’s stock valued at $16,625,000 after purchasing an additional 285 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $520.51 on Tuesday. The firm has a 50-day moving average of $519.55 and a 200-day moving average of $494.20. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders 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.

About Invesco QQQ

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.