Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Tudor Financial Inc.

Tudor Financial Inc. raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,252 shares of the exchange traded fund’s stock after buying an additional 335 shares during the period. Invesco QQQ comprises approximately 2.2% of Tudor Financial Inc.’s holdings, making the stock its 9th largest position. Tudor Financial Inc.’s holdings in Invesco QQQ were worth $3,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. International Assets Investment Management LLC lifted its holdings in Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Granite Bay Wealth Management LLC raised its position in shares of Invesco QQQ by 6,215.5% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares during the period. Toronto Dominion Bank lifted its stake in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock worth $2,379,676,000 after buying an additional 338,494 shares during the period. Finally, Empirical Asset Management LLC increased its stake in Invesco QQQ by 15,676.3% in the 4th quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after buying an additional 201,597 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $524.80 on Wednesday. The stock’s 50-day simple moving average is $516.10 and its 200-day simple moving average is $492.33. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

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