Insight Advisors LLC PA Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Insight Advisors LLC PA increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 25.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,652 shares of the exchange traded fund’s stock after acquiring an additional 2,353 shares during the period. Invesco QQQ makes up about 1.0% of Insight Advisors LLC PA’s investment portfolio, making the stock its 15th largest position. Insight Advisors LLC PA’s holdings in Invesco QQQ were worth $6,012,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in QQQ. Hoese & Co LLP lifted its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC lifted 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 valued at $59,000 after acquiring an additional 45 shares during the period. BNP Paribas acquired a new stake in shares of Invesco QQQ during the 3rd quarter valued at approximately $62,000. Brooklyn Investment Group acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $69,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its position 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 valued at $71,000 after acquiring an additional 63 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

QQQ stock opened at $526.85 on Thursday. The firm has a 50 day moving average of $520.08 and a 200-day moving average of $494.82. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. 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.