N.E.W. Advisory Services LLC Purchases 64 Shares of Invesco QQQ (NASDAQ:QQQ)

N.E.W. Advisory Services LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 5,958 shares of the exchange traded fund’s stock after acquiring an additional 64 shares during the period. N.E.W. Advisory Services LLC’s holdings in Invesco QQQ were worth $3,046,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in QQQ. Northeast Investment Management raised its stake in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after buying an additional 20 shares during the last quarter. Planning Capital Management Corp raised its position in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC grew its position in Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares during the last quarter. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Finally, Skyline Advisors Inc. increased its stake in Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.1 %

NASDAQ:QQQ opened at $522.29 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The firm has a fifty day simple moving average of $519.22 and a 200-day simple moving average of $493.95.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.