Atlas Brown Inc. Acquires 28 Shares of Invesco QQQ (NASDAQ:QQQ)

Atlas Brown Inc. lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,579 shares of the exchange traded fund’s stock after buying an additional 28 shares during the period. Atlas Brown Inc.’s holdings in Invesco QQQ were worth $1,829,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in QQQ. Legacy Bridge LLC raised its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas purchased a new position in Invesco QQQ during the third quarter worth $62,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares during the period. Providence Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the second quarter valued at $76,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth about $91,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $8.05 during midday trading on Friday, reaching $507.22. The stock had a trading volume of 35,394,421 shares, compared to its average volume of 33,720,684. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15. The company has a fifty day moving average of $514.52 and a 200 day moving average of $490.73.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors 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 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.