Relyea Zuckerberg Hanson LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Relyea Zuckerberg Hanson LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,857 shares of the exchange traded fund’s stock after purchasing an additional 869 shares during the period. Invesco QQQ comprises about 1.2% of Relyea Zuckerberg Hanson LLC’s portfolio, making the stock its 16th largest holding. Relyea Zuckerberg Hanson LLC’s holdings in Invesco QQQ were worth $9,129,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of QQQ. Saxon Interests Inc. raised its position in Invesco QQQ by 8.1% during the fourth quarter. Saxon Interests Inc. now owns 5,884 shares of the exchange traded fund’s stock worth $3,008,000 after acquiring an additional 443 shares during the period. Wealthcare Advisory Partners LLC grew its position in shares of Invesco QQQ by 2.6% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 95,403 shares of the exchange traded fund’s stock valued at $48,773,000 after purchasing an additional 2,430 shares during the period. Yarger Wealth Strategies LLC raised its position in shares of Invesco QQQ by 19.8% during the 4th quarter. Yarger Wealth Strategies LLC now owns 3,655 shares of the exchange traded fund’s stock worth $1,868,000 after purchasing an additional 605 shares during the last quarter. RDA Financial Network raised its position in shares of Invesco QQQ by 4.1% during the 4th quarter. RDA Financial Network now owns 21,994 shares of the exchange traded fund’s stock worth $11,244,000 after purchasing an additional 862 shares during the last quarter. Finally, Goldstone Financial Group LLC lifted its stake in Invesco QQQ by 3.9% in the 4th quarter. Goldstone Financial Group LLC now owns 56,932 shares of the exchange traded fund’s stock valued at $29,106,000 after buying an additional 2,158 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.7 %

NASDAQ:QQQ opened at $521.74 on Friday. The stock has a 50 day moving average of $515.79 and a two-hundred day moving average of $491.80. Invesco QQQ has a 12 month low of $409.16 and a 12 month high of $539.15.

Invesco QQQ Announces Dividend

The company 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.

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.