Invesco QQQ (NASDAQ:QQQ) is Focus Financial Network Inc.’s 6th Largest Position

Focus Financial Network Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 163,851 shares of the exchange traded fund’s stock after selling 197 shares during the quarter. Invesco QQQ accounts for about 3.3% of Focus Financial Network Inc.’s investment portfolio, making the stock its 6th biggest position. Focus Financial Network Inc.’s holdings in Invesco QQQ were worth $83,766,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hoese & Co LLP lifted 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 buying an additional 20 shares during the last quarter. Legacy Bridge LLC raised 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 in the last quarter. BNP Paribas bought a new position in Invesco QQQ during the third quarter worth $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ during the fourth quarter worth $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ in the fourth quarter worth $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $529.25 on Tuesday. The company’s fifty day moving average is $521.26 and its two-hundred day moving average is $495.90. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently disclosed 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.

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.