Patriot Financial Group Insurance Agency LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,551 shares of the exchange traded fund’s stock after acquiring an additional 214 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Invesco QQQ were worth $1,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% in 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 in the last quarter. Legacy Bridge LLC lifted its holdings in shares of 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 during the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ during the 4th quarter worth approximately $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $521.88 on Wednesday. The business has a 50 day simple moving average of $518.14 and a 200-day simple moving average of $493.37. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently disclosed 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.

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.