Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% during the 4th quarter, Holdings Channel reports. The firm owned 7,659 shares of the exchange traded fund’s stock after buying an additional 117 shares during the period. Levin Capital Strategies L.P.’s holdings in Invesco QQQ were worth $3,916,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Duncker Streett & Co. Inc. lifted its position in shares of Invesco QQQ by 2.8% during the fourth quarter. Duncker Streett & Co. Inc. now owns 1,842 shares of the exchange traded fund’s stock worth $942,000 after purchasing an additional 50 shares in the last quarter. Sharkey Howes & Javer lifted its position in shares of Invesco QQQ by 26.7% during the fourth quarter. Sharkey Howes & Javer now owns 2,216 shares of the exchange traded fund’s stock worth $1,133,000 after purchasing an additional 467 shares in the last quarter. Sherman Asset Management Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $129,000. John G Ullman & Associates Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $295,000. Finally, Middleton & Co. Inc. MA lifted its position in shares of Invesco QQQ by 102.0% during the fourth quarter. Middleton & Co. Inc. MA now owns 921 shares of the exchange traded fund’s stock worth $471,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.6 %

Shares of NASDAQ:QQQ opened at $508.30 on Friday. The firm’s 50 day moving average price is $522.05 and its 200 day moving average price is $503.28. The stock has a market cap of $320.36 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. 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.