Weatherly Asset Management L. P. Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Weatherly Asset Management L. P. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 106.8% during the 4th quarter, Holdings Channel reports. The firm owned 4,275 shares of the exchange traded fund’s stock after buying an additional 2,208 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Invesco QQQ were worth $2,186,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new position in Invesco QQQ in the 3rd quarter worth about $62,000. Brooklyn Investment Group bought a new position in Invesco QQQ in the 4th quarter worth about $69,000. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ in the 4th quarter worth about $73,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $529.25 on Tuesday. The company’s 50-day simple moving average is $521.26 and its two-hundred day simple moving average is $495.90. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

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