TRU Independence Asset Management 2 LLC Acquires 474 Shares of Invesco QQQ (NASDAQ:QQQ)

TRU Independence Asset Management 2 LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 26.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,261 shares of the exchange traded fund’s stock after buying an additional 474 shares during the quarter. Invesco QQQ comprises approximately 1.0% of TRU Independence Asset Management 2 LLC’s portfolio, making the stock its 28th largest holding. TRU Independence Asset Management 2 LLC’s holdings in Invesco QQQ were worth $1,156,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after acquiring an additional 2,059 shares during the last quarter. Principal Financial Group Inc. increased its position in Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares during the period. Socha Financial Group LLC raised its holdings in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after purchasing an additional 2,171 shares during the last quarter. NRI Wealth Management LC acquired a new position in Invesco QQQ during the 4th quarter valued at about $28,729,000. Finally, Garden State Investment Advisory Services LLC boosted its stake in shares of Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after purchasing an additional 3,581 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.5 %

Shares of NASDAQ:QQQ opened at $521.88 on Wednesday. The company has a 50 day moving average of $518.14 and a 200-day moving average of $493.37. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

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