Patron Partners LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Patron Partners LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 17.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,795 shares of the exchange traded fund’s stock after buying an additional 419 shares during the quarter. Invesco QQQ accounts for about 0.8% of Patron Partners LLC’s portfolio, making the stock its 25th largest holding. Patron Partners LLC’s holdings in Invesco QQQ were worth $1,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Invesco QQQ by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,290 shares of the exchange traded fund’s stock worth $630,000 after buying an additional 230 shares during the last quarter. Bricktown Capital LLC grew its stake in Invesco QQQ by 314.3% in the 3rd quarter. Bricktown Capital LLC now owns 3,849 shares of the exchange traded fund’s stock worth $1,879,000 after acquiring an additional 2,920 shares during the period. WealthBridge Capital Management LLC increased its holdings in shares of Invesco QQQ by 10.9% during the 3rd quarter. WealthBridge Capital Management LLC now owns 22,180 shares of the exchange traded fund’s stock worth $10,825,000 after buying an additional 2,188 shares during the last quarter. Smith Anglin Financial LLC lifted its stake in shares of Invesco QQQ by 3.2% during the third quarter. Smith Anglin Financial LLC now owns 7,070 shares of the exchange traded fund’s stock worth $3,451,000 after purchasing an additional 221 shares in the last quarter. Finally, Consilio Wealth Advisors LLC raised its position in shares of Invesco QQQ by 0.8% in the 3rd quarter. Consilio Wealth Advisors LLC now owns 34,062 shares of the exchange traded fund’s stock valued at $16,625,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $518.11 on Tuesday. The business has a fifty day simple moving average of $519.55 and a 200-day simple moving average of $494.20. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $539.15.

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 dividend of $0.8347 per share. The ex-dividend date of this dividend 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.