Tradewinds Capital Management LLC Has $272,000 Stake in Invesco QQQ (NASDAQ:QQQ)

Tradewinds Capital Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 417.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 533 shares of the exchange traded fund’s stock after acquiring an additional 430 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Invesco QQQ were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth 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 valued at $42,000 after purchasing an additional 20 shares in the last quarter. Legacy Bridge LLC grew its position in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. Finally, Creative Capital Management Investments LLC raised its holdings in Invesco QQQ by 740.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 111 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 2.1 %

Invesco QQQ stock opened at $526.08 on Friday. The company has a 50 day moving average of $523.39 and a 200-day moving average of $501.12. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Announces Dividend

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