Herbst Group LLC Has $6.45 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Herbst Group LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,615 shares of the exchange traded fund’s stock after selling 143 shares during the quarter. Invesco QQQ comprises about 4.0% of Herbst Group LLC’s investment portfolio, making the stock its 2nd biggest position. Herbst Group LLC’s holdings in Invesco QQQ were worth $6,449,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ in the third quarter worth $62,000. Brooklyn Investment Group acquired a new stake in Invesco QQQ during the fourth quarter worth $69,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares during the period. Finally, Pacifica Partners Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7 %

NASDAQ QQQ opened at $521.74 on Friday. Invesco QQQ has a 1-year low of $409.16 and a 1-year high of $539.15. The stock’s 50 day moving average is $515.94 and its two-hundred day moving average is $492.08.

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 given a dividend of $0.8347 per share. The ex-dividend date 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.