FreeGulliver LLC Buys 205 Shares of Invesco QQQ (NASDAQ:QQQ)

FreeGulliver LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,623 shares of the exchange traded fund’s stock after acquiring an additional 205 shares during the quarter. Invesco QQQ comprises approximately 0.6% of FreeGulliver LLC’s portfolio, making the stock its 25th biggest position. FreeGulliver LLC’s holdings in Invesco QQQ were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. boosted its position in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares during the last quarter. Common Fund For Nonprofit Organizations purchased a new stake in shares of Invesco QQQ during the third quarter valued at $5,767,000. Legacy Bridge LLC boosted its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the last quarter. Equita Financial Network Inc. boosted its position in Invesco QQQ by 2.9% in the third quarter. Equita Financial Network Inc. now owns 1,540 shares of the exchange traded fund’s stock worth $751,000 after purchasing an additional 44 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co boosted its position in Invesco QQQ by 3.2% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 1,840 shares of the exchange traded fund’s stock worth $898,000 after purchasing an additional 57 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $474.54 on Wednesday. The stock has a market capitalization of $299.08 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The stock’s 50-day simple moving average is $513.24 and its two-hundred day simple moving average is $504.15. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.