Osborne Partners Capital Management LLC Buys 129 Shares of Invesco QQQ (NASDAQ:QQQ)

Osborne Partners Capital Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,751 shares of the exchange traded fund’s stock after acquiring an additional 129 shares during the period. Osborne Partners Capital Management LLC’s holdings in Invesco QQQ were worth $1,406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC grew its holdings in shares of 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 in the last quarter. BNP Paribas acquired a new stake in Invesco QQQ in the 3rd quarter valued at approximately $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ in the 4th quarter valued at approximately $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ during the 4th quarter worth approximately $73,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.1 %

NASDAQ QQQ opened at $522.29 on Friday. The firm’s 50 day moving average is $519.55 and its 200-day moving average is $494.13. Invesco QQQ has a 12-month low of $413.07 and a 12-month 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 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.