Clarity Financial LLC Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

Clarity Financial LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 18.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 565 shares of the exchange traded fund’s stock after buying an additional 89 shares during the quarter. Clarity Financial LLC’s holdings in Invesco QQQ were worth $289,000 at the end of the most recent quarter.

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

Invesco QQQ Stock Performance

QQQ opened at $523.05 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The business has a 50-day moving average of $518.86 and a two-hundred day moving average of $493.75.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued 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.