Flavin Financial Services Inc. Invests $1.91 Million in Invesco QQQ (NASDAQ:QQQ)

Flavin Financial Services Inc. purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,725 shares of the exchange traded fund’s stock, valued at approximately $1,905,000. Invesco QQQ makes up about 1.8% of Flavin Financial Services Inc.’s holdings, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. International Assets Investment Management LLC raised its stake in shares of Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares in the last quarter. Cibc World Market Inc. raised its stake in shares of Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after acquiring an additional 324,948 shares in the last quarter. Empirical Asset Management LLC raised its stake in shares of Invesco QQQ by 15,676.3% during the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after acquiring an additional 201,597 shares in the last quarter. Finally, Main Management ETF Advisors LLC raised its stake in shares of Invesco QQQ by 33.5% during the third quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund’s stock worth $357,228,000 after acquiring an additional 183,550 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $518.11 on Tuesday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The company’s 50 day moving average price is $519.55 and its two-hundred day moving average price is $494.20.

Invesco QQQ Announces Dividend

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