McHugh Group LLC Takes $1.16 Million Position in Invesco QQQ (NASDAQ:QQQ)

McHugh Group LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,262 shares of the exchange traded fund’s stock, valued at approximately $1,157,000. Invesco QQQ accounts for 0.9% of McHugh Group LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors also recently modified their holdings of QQQ. GAMMA Investing LLC raised its holdings in Invesco QQQ by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,290 shares of the exchange traded fund’s stock worth $630,000 after purchasing an additional 230 shares during the last quarter. Bath Savings Trust Co increased its position in shares of Invesco QQQ by 12.7% during the third quarter. Bath Savings Trust Co now owns 665 shares of the exchange traded fund’s stock worth $325,000 after buying an additional 75 shares during the period. City Holding Co. raised its stake in Invesco QQQ by 13.1% during the third quarter. City Holding Co. now owns 7,306 shares of the exchange traded fund’s stock worth $3,566,000 after buying an additional 847 shares during the last quarter. Trust Co of Kansas acquired a new position in Invesco QQQ in the third quarter valued at $227,000. Finally, Brookstone Capital Management lifted its holdings in Invesco QQQ by 5.2% in the third quarter. Brookstone Capital Management now owns 377,922 shares of the exchange traded fund’s stock valued at $184,452,000 after buying an additional 18,721 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

Shares of Invesco QQQ stock opened at $526.85 on Thursday. The business has a 50-day moving average price of $520.51 and a two-hundred day moving average price of $495.05. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Announces Dividend

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