TKG Advisors LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

TKG Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,570 shares of the exchange traded fund’s stock after acquiring an additional 312 shares during the period. Invesco QQQ comprises about 3.6% of TKG Advisors LLC’s portfolio, making the stock its 3rd largest holding. TKG Advisors LLC’s holdings in Invesco QQQ were worth $7,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. PayPay Securities Corp boosted its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $37,000. Hoese & Co LLP boosted its holdings 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 during the period. Legacy Bridge LLC grew 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 buying an additional 45 shares during the last quarter. Finally, BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter valued at about $62,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $539.37 on Wednesday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.00. The firm has a 50 day moving average price of $523.07 and a two-hundred day moving average price of $499.53.

Invesco QQQ Announces Dividend

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

Invesco QQQ 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.