Zhang Financial LLC Acquires 642 Shares of Invesco QQQ (NASDAQ:QQQ)

Zhang Financial LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,046 shares of the exchange traded fund’s stock after purchasing an additional 642 shares during the period. Zhang Financial LLC’s holdings in Invesco QQQ were worth $3,091,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Northeast Investment Management lifted its stake in 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 purchasing an additional 20 shares during the last quarter. Planning Capital Management Corp lifted its position 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 period. Cardinal Point Capital Management ULC grew its position in Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares during the last quarter. Skyline Advisors Inc. raised its stake in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after buying an additional 21 shares in the last quarter. Finally, Madden Advisory Services Inc. lifted its holdings in Invesco QQQ by 0.9% in 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 period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.7 %

NASDAQ QQQ opened at $521.74 on Tuesday. Invesco QQQ has a 1-year low of $409.16 and a 1-year high of $539.15. The business has a 50 day moving average price of $515.94 and a 200 day moving average price of $492.12.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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.