Trust Point Inc. Has $1.72 Million Position in Invesco QQQ (NASDAQ:QQQ)

Trust Point Inc. lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 36.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,365 shares of the exchange traded fund’s stock after purchasing an additional 896 shares during the quarter. Trust Point Inc.’s holdings in Invesco QQQ were worth $1,720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hoese & Co LLP grew its stake 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 buying an additional 20 shares in the last quarter. Legacy Bridge LLC grew its position in shares of 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 buying an additional 45 shares during the period. BNP Paribas acquired a new stake in Invesco QQQ in the 3rd quarter valued at $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ during the 4th quarter worth $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in shares of Invesco QQQ by 75.9% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $518.11 on Tuesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The stock’s 50-day simple moving average is $519.55 and its 200 day simple moving average is $494.20.

Invesco QQQ Announces Dividend

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