Howard Financial Services LTD. Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Howard Financial Services LTD. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,329 shares of the exchange traded fund’s stock after buying an additional 973 shares during the period. Invesco QQQ comprises about 1.3% of Howard Financial Services LTD.’s holdings, making the stock its 24th largest position. Howard Financial Services LTD.’s holdings in Invesco QQQ were worth $9,370,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of QQQ. Legacy Bridge LLC raised its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas purchased a new position in shares of Invesco QQQ during the third quarter worth about $62,000. Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $69,000. Pacifica Partners Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $73,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its position in shares of Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $521.74 on Friday. Invesco QQQ has a 52-week low of $409.16 and a 52-week high of $539.15. The stock’s 50 day moving average price is $515.94 and its 200 day moving average price is $492.08.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date 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.