Invesco QQQ (NASDAQ:QQQ) is Foundations Investment Advisors LLC’s 8th Largest Position

Foundations Investment Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,185 shares of the exchange traded fund’s stock after purchasing an additional 30,629 shares during the period. Invesco QQQ comprises about 1.9% of Foundations Investment Advisors LLC’s portfolio, making the stock its 8th biggest position. Foundations Investment Advisors LLC’s holdings in Invesco QQQ were worth $100,296,000 at the end of the most recent quarter.

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

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $513.93 on Tuesday. The firm’s fifty day moving average is $517.86 and its two-hundred day moving average is $493.21. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. 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.