Invesco QQQ (NASDAQ:QQQ) is Eagle Capital Management LLC’s Largest Position

Eagle Capital Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,686 shares of the exchange traded fund’s stock after purchasing an additional 185 shares during the quarter. Invesco QQQ accounts for approximately 12.5% of Eagle Capital Management LLC’s holdings, making the stock its biggest holding. Eagle Capital Management LLC’s holdings in Invesco QQQ were worth $31,025,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC increased its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares during the period. BNP Paribas purchased a new position in Invesco QQQ during the 3rd quarter worth approximately $62,000. Brooklyn Investment Group purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $69,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $531.51 on Thursday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock’s 50 day simple moving average is $516.33 and its two-hundred day simple moving average is $492.54.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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.