Sanders Morris Harris LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Sanders Morris Harris LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 231,728 shares of the exchange traded fund’s stock after buying an additional 6,519 shares during the quarter. Invesco QQQ accounts for 18.1% of Sanders Morris Harris LLC’s holdings, making the stock its largest position. Sanders Morris Harris LLC’s holdings in Invesco QQQ were worth $120,940,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Wealth Alliance grew its holdings in shares of Invesco QQQ by 2.8% during the second quarter. Wealth Alliance now owns 1,324 shares of the exchange traded fund’s stock worth $634,000 after purchasing an additional 36 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Invesco QQQ by 9.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock valued at $714,000 after purchasing an additional 125 shares during the last quarter. Carolinas Wealth Consulting LLC grew its stake in Invesco QQQ by 3.8% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 3,281 shares of the exchange traded fund’s stock worth $1,572,000 after buying an additional 120 shares in the last quarter. Garner Asset Management Corp increased its holdings in shares of Invesco QQQ by 6.4% in the 2nd quarter. Garner Asset Management Corp now owns 19,989 shares of the exchange traded fund’s stock worth $9,577,000 after buying an additional 1,200 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc raised its position in shares of Invesco QQQ by 32.6% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 940 shares of the exchange traded fund’s stock valued at $450,000 after buying an additional 231 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.7 %

NASDAQ QQQ opened at $513.08 on Friday. Invesco QQQ has a 52-week low of $402.92 and a 52-week high of $539.15. The company has a fifty day moving average of $515.79 and a 200-day moving average of $491.65.

Invesco QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders 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.