Ferguson Shapiro LLC Buys 3,098 Shares of Invesco QQQ (NASDAQ:QQQ)

Ferguson Shapiro LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 609.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,606 shares of the exchange traded fund’s stock after purchasing an additional 3,098 shares during the quarter. Invesco QQQ comprises 0.7% of Ferguson Shapiro LLC’s portfolio, making the stock its 19th largest holding. Ferguson Shapiro LLC’s holdings in Invesco QQQ were worth $1,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hoese & Co LLP boosted its position in 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 boosted 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 worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new stake in Invesco QQQ during the third quarter worth approximately $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ during the fourth quarter worth approximately $69,000. Finally, Pacifica Partners Inc. bought a new stake in Invesco QQQ during the fourth quarter worth approximately $73,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

Shares of QQQ stock opened at $520.83 on Thursday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock has a 50 day moving average of $518.51 and a 200-day moving average of $493.56.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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.