Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Peak Financial Management Inc.

Peak Financial Management Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,574 shares of the exchange traded fund’s stock after buying an additional 29 shares during the quarter. Peak Financial Management Inc.’s holdings in Invesco QQQ were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Invesco QQQ by 13.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,642 shares of the exchange traded fund’s stock worth $12,087,000 after purchasing an additional 2,848 shares during the last quarter. ETF Portfolio Partners Inc. increased its position in Invesco QQQ by 105.9% in the fourth quarter. ETF Portfolio Partners Inc. now owns 22,089 shares of the exchange traded fund’s stock worth $11,293,000 after buying an additional 11,360 shares during the period. Stablepoint Partners LLC increased its position in Invesco QQQ by 22.0% in the fourth quarter. Stablepoint Partners LLC now owns 2,235 shares of the exchange traded fund’s stock worth $1,143,000 after buying an additional 403 shares during the period. Requisite Capital Management LLC boosted its holdings in shares of Invesco QQQ by 5.4% during the fourth quarter. Requisite Capital Management LLC now owns 8,394 shares of the exchange traded fund’s stock valued at $4,291,000 after acquiring an additional 427 shares during the period. Finally, Novare Capital Management LLC boosted its holdings in shares of Invesco QQQ by 137.4% during the fourth quarter. Novare Capital Management LLC now owns 11,851 shares of the exchange traded fund’s stock valued at $6,058,000 after acquiring an additional 6,860 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6 %

QQQ stock opened at $529.63 on Monday. The firm’s 50-day simple moving average is $517.86 and its 200 day simple moving average is $493.28. 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 firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date 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.