Kensington Investment Counsel LLC Buys 1,127 Shares of Invesco QQQ (NASDAQ:QQQ)

Kensington Investment Counsel LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 21.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,381 shares of the exchange traded fund’s stock after purchasing an additional 1,127 shares during the quarter. Invesco QQQ accounts for approximately 1.4% of Kensington Investment Counsel LLC’s portfolio, making the stock its 29th largest position. Kensington Investment Counsel LLC’s holdings in Invesco QQQ were worth $3,262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 276.9% during the 4th 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 bought a new position in shares of Invesco QQQ during the 4th quarter worth about $37,000. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth about $51,000. Finally, Legacy Bridge LLC increased its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.6 %

Shares of Invesco QQQ stock opened at $482.77 on Tuesday. The stock has a market capitalization of $304.27 billion, a P/E ratio of 30.74 and a beta of 1.11. The company has a 50-day simple moving average of $514.05 and a 200 day simple moving average of $504.16. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.