Financial Sense Advisors Inc. Increases Stake in Invesco QQQ (NASDAQ:QQQ)

Financial Sense Advisors Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 233.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the exchange traded fund’s stock after acquiring an additional 1,681 shares during the quarter. Financial Sense Advisors Inc.’s holdings in Invesco QQQ were worth $1,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp lifted its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at about $37,000. Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $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% in 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 last quarter. Finally, BNP Paribas bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $62,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $539.52 on Thursday. The firm has a 50 day moving average of $523.26 and a 200 day moving average of $499.81. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Announces Dividend

The firm also recently disclosed 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.