CHB Investment Group LLC Acquires 209 Shares of Invesco QQQ (NASDAQ:QQQ)

CHB Investment Group LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 967 shares of the exchange traded fund’s stock after purchasing an additional 209 shares during the period. CHB Investment Group LLC’s holdings in Invesco QQQ were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Rathbones Group PLC lifted its holdings in Invesco QQQ by 4.3% in the second quarter. Rathbones Group PLC now owns 32,665 shares of the exchange traded fund’s stock worth $15,650,000 after buying an additional 1,335 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Invesco QQQ by 23.5% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 14,557 shares of the exchange traded fund’s stock worth $6,974,000 after acquiring an additional 2,768 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in shares of Invesco QQQ in the 2nd quarter valued at approximately $26,557,000. Capital Wealth Planning LLC boosted its position in shares of Invesco QQQ by 58.9% during the second quarter. Capital Wealth Planning LLC now owns 17,470 shares of the exchange traded fund’s stock valued at $8,370,000 after purchasing an additional 6,474 shares in the last quarter. Finally, Black Diamond Financial LLC grew its stake in Invesco QQQ by 8.0% in the second quarter. Black Diamond Financial LLC now owns 5,184 shares of the exchange traded fund’s stock worth $2,484,000 after purchasing an additional 383 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3 %

QQQ opened at $505.56 on Tuesday. Invesco QQQ has a 12-month low of $402.92 and a 12-month high of $539.15. The stock has a fifty day simple moving average of $515.32 and a two-hundred day simple moving average of $491.29.

Invesco QQQ Dividend Announcement

The firm also recently declared 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 Company 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.