DeDora Capital Inc. Has $4.99 Million Position in Invesco QQQ (NASDAQ:QQQ)

DeDora Capital Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,761 shares of the exchange traded fund’s stock after purchasing an additional 95 shares during the period. Invesco QQQ comprises approximately 1.4% of DeDora Capital Inc.’s investment portfolio, making the stock its 19th largest position. DeDora Capital Inc.’s holdings in Invesco QQQ were worth $4,990,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QQQ. SOA Wealth Advisors LLC. boosted its position in Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares during the period. B.O.S.S. Retirement Advisors LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth approximately $294,000. Good Life Advisors LLC boosted its position in Invesco QQQ by 118.8% during the 3rd quarter. Good Life Advisors LLC now owns 50,052 shares of the exchange traded fund’s stock worth $24,431,000 after buying an additional 27,172 shares during the period. Quad Cities Investment Group LLC boosted its position in Invesco QQQ by 9.0% during the 3rd quarter. Quad Cities Investment Group LLC now owns 9,511 shares of the exchange traded fund’s stock worth $4,642,000 after buying an additional 784 shares during the period. Finally, Global Retirement Partners LLC boosted its position in Invesco QQQ by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 131,186 shares of the exchange traded fund’s stock worth $64,028,000 after buying an additional 4,438 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $538.15 on Friday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The company’s 50 day moving average price is $522.14 and its 200-day moving average price is $497.35.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date 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.