Finley Financial LLC Acquires New Position in Invesco QQQ (NASDAQ:QQQ)

Finley Financial LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, Holdings Channel.com reports. The fund bought 25,728 shares of the exchange traded fund’s stock, valued at approximately $13,294,000. Invesco QQQ comprises approximately 6.9% of Finley Financial LLC’s investment portfolio, making the stock its 4th biggest holding.

Other institutional investors have also modified their holdings of the company. Northeast Investment Management grew its position in shares of Invesco QQQ by 0.6% in the 3rd quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock worth $1,697,000 after buying an additional 20 shares during the last quarter. Planning Capital Management Corp boosted its stake in Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC grew its holdings in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares during the last quarter. Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Finally, Skyline Advisors Inc. lifted its holdings in shares of Invesco QQQ by 5.0% during the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $531.51 on Thursday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The business has a fifty day moving average price of $516.33 and a 200-day moving average price of $492.54.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid 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.