EWG Elevate Inc. Has $3.57 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

EWG Elevate Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 41.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,990 shares of the exchange traded fund’s stock after purchasing an additional 2,060 shares during the period. Invesco QQQ makes up 1.1% of EWG Elevate Inc.’s portfolio, making the stock its 24th biggest position. EWG Elevate Inc.’s holdings in Invesco QQQ were worth $3,573,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QQQ. GAMMA Investing LLC grew its stake in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares during the last quarter. Principal Financial Group Inc. raised its position in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Socha Financial Group LLC lifted its holdings in Invesco QQQ by 2.4% during the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock worth $44,732,000 after buying an additional 2,171 shares in the last quarter. NRI Wealth Management LC bought a new position in Invesco QQQ in the 4th quarter valued at $28,729,000. Finally, Garden State Investment Advisory Services LLC increased its stake in shares of Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after buying an additional 3,581 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.5 %

Shares of QQQ opened at $507.63 on Monday. The stock’s fifty day simple moving average is $514.92 and its 200-day simple moving average is $491.12. Invesco QQQ has a 12-month low of $402.92 and a 12-month high of $539.15.

Invesco QQQ Dividend Announcement

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