Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Halter Ferguson Financial Inc.

Halter Ferguson Financial Inc. lifted its position in Invesco QQQ (NASDAQ:QQQ) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,675 shares of the exchange traded fund’s stock after buying an additional 13,273 shares during the quarter. Invesco QQQ makes up 16.2% of Halter Ferguson Financial Inc.’s investment portfolio, making the stock its 2nd largest holding. Halter Ferguson Financial Inc.’s holdings in Invesco QQQ were worth $39,710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PayPay Securities Corp increased its holdings in shares of Invesco QQQ by 276.9% in 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 last quarter. Roxbury Financial LLC acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $37,000. Hoese & Co LLP raised its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $51,000. Finally, Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $482.77 on Tuesday. The stock has a fifty day moving average of $514.05 and a two-hundred day moving average of $504.16. The company has a market capitalization of $304.27 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

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