Oppenheimer Asset Management Inc. Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 56,548 shares of the exchange traded fund’s stock after purchasing an additional 1,040 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Invesco QQQ were worth $28,909,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in 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 in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $51,000. Finally, Legacy Bridge LLC lifted its stake in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.2 %

Shares of QQQ opened at $514.56 on Thursday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a market capitalization of $324.30 billion, a P/E ratio of 33.43 and a beta of 1.11. The firm’s 50-day moving average is $522.53 and its two-hundred day moving average is $502.62.

Invesco QQQ Announces Dividend

The company also recently disclosed 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.

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.