Invesco QQQ (NASDAQ:QQQ) Holdings Increased by Schear Investment Advisers LLC

Schear Investment Advisers LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 201.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,247 shares of the exchange traded fund’s stock after purchasing an additional 14,200 shares during the period. Invesco QQQ comprises 5.8% of Schear Investment Advisers LLC’s portfolio, making the stock its 3rd largest position. Schear Investment Advisers LLC’s holdings in Invesco QQQ were worth $10,862,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ridgeline Wealth Planning LLC purchased a new position in Invesco QQQ in the fourth quarter valued at about $4,871,000. Leavell Investment Management Inc. boosted its stake in shares of Invesco QQQ by 3.3% during the 4th quarter. Leavell Investment Management Inc. now owns 19,754 shares of the exchange traded fund’s stock valued at $10,099,000 after buying an additional 636 shares during the last quarter. Fortress Financial Solutions LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $9,699,000. Towneley Capital Management Inc DE bought a new stake in shares of Invesco QQQ in the fourth quarter worth $2,940,000. Finally, New Republic Capital LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $223,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.2 %

NASDAQ:QQQ opened at $527.99 on Wednesday. The business’s 50 day moving average is $521.54 and its two-hundred day moving average is $496.40. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.