BFI Infinity Ltd. Buys Shares of 435 Invesco QQQ (NASDAQ:QQQ)

BFI Infinity Ltd. purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 435 shares of the exchange traded fund’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Alliance increased its holdings in Invesco QQQ by 2.8% in the second quarter. Wealth Alliance now owns 1,324 shares of the exchange traded fund’s stock worth $634,000 after purchasing an additional 36 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Invesco QQQ by 9.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,491 shares of the exchange traded fund’s stock worth $714,000 after buying an additional 125 shares in the last quarter. Carolinas Wealth Consulting LLC grew its position in shares of Invesco QQQ by 3.8% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 3,281 shares of the exchange traded fund’s stock worth $1,572,000 after buying an additional 120 shares during the period. Garner Asset Management Corp increased its stake in shares of Invesco QQQ by 6.4% in the 2nd quarter. Garner Asset Management Corp now owns 19,989 shares of the exchange traded fund’s stock valued at $9,577,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc lifted its position in shares of Invesco QQQ by 32.6% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 940 shares of the exchange traded fund’s stock valued at $450,000 after acquiring an additional 231 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $513.08 on Friday. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The firm has a fifty day simple moving average of $515.79 and a two-hundred day simple moving average of $491.65.

Invesco QQQ Announces Dividend

The company also recently announced 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 of this dividend was Monday, December 23rd.

Invesco QQQ 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.