GHP Investment Advisors Inc. Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

GHP Investment Advisors Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,233 shares of the exchange traded fund’s stock after buying an additional 57 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Invesco QQQ were worth $1,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rik Saylor Financial Inc. purchased a new position in Invesco QQQ in the fourth quarter worth about $6,749,000. McHugh Group LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $1,157,000. Buck Wealth Strategies LLC boosted its holdings in shares of Invesco QQQ by 68.3% in the fourth quarter. Buck Wealth Strategies LLC now owns 21,675 shares of the exchange traded fund’s stock worth $11,081,000 after buying an additional 8,799 shares during the last quarter. Elm3 Financial Group LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth approximately $5,159,000. Finally, Beacon Financial Advisory LLC grew its position in Invesco QQQ by 6.6% during the fourth quarter. Beacon Financial Advisory LLC now owns 1,493 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 92 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.3 %

QQQ opened at $522.92 on Friday. The firm’s 50 day simple moving average is $521.00 and its two-hundred day simple moving average is $495.29. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

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 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.