Cadent Capital Advisors LLC Buys 504 Shares of Invesco QQQ (NASDAQ:QQQ)

Cadent Capital Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 19.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,144 shares of the exchange traded fund’s stock after buying an additional 504 shares during the quarter. Cadent Capital Advisors LLC’s holdings in Invesco QQQ were worth $1,608,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in QQQ. Northeast Investment Management increased its holdings in shares of Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after buying an additional 20 shares in the last quarter. Planning Capital Management Corp grew its holdings in Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 20 shares during the last quarter. Skyline Advisors Inc. increased its position in Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the period. Madden Advisory Services Inc. raised its stake in shares of Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 21 shares during the last quarter. Finally, Meridian Management Co. lifted its holdings in shares of Invesco QQQ by 0.6% during the third quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock worth $1,640,000 after purchasing an additional 21 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ traded down $3.30 on Monday, reaching $503.89. The company had a trading volume of 21,526,343 shares, compared to its average volume of 32,898,152. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15. The business has a 50 day moving average of $514.92 and a two-hundred day moving average of $491.12.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Company 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.