Invesco QQQ (NASDAQ:QQQ) is Hoffman Alan N Investment Management’s 9th Largest Position

Hoffman Alan N Investment Management grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,401 shares of the exchange traded fund’s stock after purchasing an additional 61 shares during the period. Invesco QQQ makes up approximately 0.3% of Hoffman Alan N Investment Management’s holdings, making the stock its 9th largest position. Hoffman Alan N Investment Management’s holdings in Invesco QQQ were worth $716,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after acquiring an additional 2,059 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares during the last quarter. Socha Financial Group LLC boosted its holdings in shares of Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after acquiring an additional 2,171 shares during the last quarter. NRI Wealth Management LC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $28,729,000. Finally, Garden State Investment Advisory Services LLC boosted its holdings in shares of Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 3,581 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.1 %

Shares of NASDAQ QQQ opened at $505.08 on Wednesday. The firm’s 50-day moving average price is $515.57 and its 200-day moving average price is $491.47. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15.

Invesco QQQ Announces Dividend

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