Ulland Investment Advisors LLC Acquires 333 Shares of Invesco QQQ (NASDAQ:QQQ)

Ulland Investment Advisors LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,536 shares of the exchange traded fund’s stock after purchasing an additional 333 shares during the quarter. Invesco QQQ accounts for 6.0% of Ulland Investment Advisors LLC’s portfolio, making the stock its 5th largest position. Ulland Investment Advisors LLC’s holdings in Invesco QQQ were worth $9,476,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Hoese & Co LLP grew its holdings 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 acquiring an additional 20 shares in the last quarter. Amplius Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 1.5% in the 4th quarter. Amplius Wealth Advisors LLC now owns 68,767 shares of the exchange traded fund’s stock valued at $35,154,000 after purchasing an additional 1,028 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Invesco QQQ by 2.4% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,908 shares of the exchange traded fund’s stock worth $3,020,000 after purchasing an additional 137 shares during the last quarter. Zhang Financial LLC grew its stake in Invesco QQQ by 11.9% in the fourth quarter. Zhang Financial LLC now owns 6,046 shares of the exchange traded fund’s stock worth $3,091,000 after purchasing an additional 642 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Invesco QQQ by 3.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,216 shares of the exchange traded fund’s stock valued at $622,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $521.74 on Tuesday. The stock’s 50 day moving average price is $515.94 and its two-hundred day moving average price is $492.12. Invesco QQQ has a 52-week low of $409.16 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

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