Invesco QQQ (NASDAQ:QQQ) Stake Raised by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,141 shares of the exchange traded fund’s stock after purchasing an additional 107 shares during the quarter. Invesco QQQ accounts for 8.2% of Trifecta Capital Advisors LLC’s portfolio, making the stock its biggest holding. Trifecta Capital Advisors LLC’s holdings in Invesco QQQ were worth $41,482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. lifted its holdings in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares during the period. Pettinga Financial Advisors LLC lifted its holdings in Invesco QQQ by 13.6% in the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after acquiring an additional 1,854 shares during the period. First Financial Bankshares Inc lifted its holdings in Invesco QQQ by 33.3% in the third quarter. First Financial Bankshares Inc now owns 576 shares of the exchange traded fund’s stock valued at $281,000 after acquiring an additional 144 shares during the period. Platt Investment Counsel LLC lifted its holdings in Invesco QQQ by 2.3% in the third quarter. Platt Investment Counsel LLC now owns 45,146 shares of the exchange traded fund’s stock valued at $22,034,000 after acquiring an additional 1,002 shares during the period. Finally, Ridgepath Capital Management LLC lifted its holdings in Invesco QQQ by 381.6% in the third quarter. Ridgepath Capital Management LLC now owns 29,595 shares of the exchange traded fund’s stock valued at $14,445,000 after acquiring an additional 23,450 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $519.87 on Tuesday. The business’s 50-day moving average is $523.02 and its two-hundred day moving average is $502.10. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders 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.