Adero Partners LLC Acquires 500 Shares of Invesco QQQ (NASDAQ:QQQ)

Adero Partners LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,860 shares of the exchange traded fund’s stock after purchasing an additional 500 shares during the quarter. Adero Partners LLC’s holdings in Invesco QQQ were worth $2,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 21.7% during the third quarter. GAMMA Investing LLC now owns 1,290 shares of the exchange traded fund’s stock valued at $630,000 after purchasing an additional 230 shares during the period. Bath Savings Trust Co increased its position in Invesco QQQ by 12.7% in the 3rd quarter. Bath Savings Trust Co now owns 665 shares of the exchange traded fund’s stock valued at $325,000 after buying an additional 75 shares in the last quarter. City Holding Co. raised its stake in Invesco QQQ by 13.1% during the 3rd quarter. City Holding Co. now owns 7,306 shares of the exchange traded fund’s stock worth $3,566,000 after buying an additional 847 shares during the period. Trust Co of Kansas bought a new position in Invesco QQQ in the third quarter worth approximately $227,000. Finally, Brookstone Capital Management grew its stake in Invesco QQQ by 5.2% in the third quarter. Brookstone Capital Management now owns 377,922 shares of the exchange traded fund’s stock valued at $184,452,000 after acquiring an additional 18,721 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $526.85 on Thursday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15. The business has a 50 day moving average price of $520.08 and a 200-day moving average price of $494.82.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company 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.