Southland Equity Partners LLC Buys 574 Shares of Invesco QQQ (NASDAQ:QQQ)

Southland Equity Partners LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,302 shares of the exchange traded fund’s stock after acquiring an additional 574 shares during the quarter. Invesco QQQ makes up about 1.5% of Southland Equity Partners LLC’s portfolio, making the stock its 14th largest position. Southland Equity Partners LLC’s holdings in Invesco QQQ were worth $6,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of QQQ. Hoese & Co LLP raised its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the last quarter. BNP Paribas bought a new position in shares of Invesco QQQ in the third quarter valued at $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ in the fourth quarter valued at $69,000. Finally, Pacifica Partners Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter valued at about $73,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ opened at $529.63 on Friday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15. The company’s 50-day moving average is $517.20 and its 200 day moving average is $493.09.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend 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.