Invesco QQQ (NASDAQ:QQQ) Stock Holdings Increased by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 289.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,704 shares of the exchange traded fund’s stock after buying an additional 1,267 shares during the period. Traphagen Investment Advisors LLC’s holdings in Invesco QQQ were worth $871,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Hoese & Co LLP raised its holdings in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC boosted its position in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the period. BNP Paribas purchased a new position in Invesco QQQ during the third quarter valued at approximately $62,000. Brooklyn Investment Group acquired a new position in shares of Invesco QQQ in the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ in the 4th quarter worth about $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $531.51 on Thursday. The business has a 50 day simple moving average of $516.33 and a 200 day simple moving average of $492.54. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given 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.