Callahan Advisors LLC Purchases 56 Shares of Invesco QQQ (NASDAQ:QQQ)

Callahan Advisors LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 532 shares of the exchange traded fund’s stock after buying an additional 56 shares during the quarter. Callahan Advisors LLC’s holdings in Invesco QQQ were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. lifted its position 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 period. Socha Financial Group LLC grew 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 worth $44,732,000 after purchasing an additional 2,171 shares in the last quarter. NRI Wealth Management LC bought a new position in shares of Invesco QQQ in the fourth quarter worth $28,729,000. Finally, Garden State Investment Advisory Services LLC raised its stake in Invesco QQQ by 13.1% in the third 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 purchasing an additional 3,581 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

QQQ opened at $539.37 on Wednesday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.00. The company has a 50-day simple moving average of $523.07 and a 200 day simple moving average of $499.53.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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.