Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Grandview Asset Management LLC

Grandview Asset Management LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 22.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,011 shares of the exchange traded fund’s stock after acquiring an additional 4,416 shares during the quarter. Invesco QQQ comprises approximately 4.5% of Grandview Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. Grandview Asset Management LLC’s holdings in Invesco QQQ were worth $12,275,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of QQQ. Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ during the third quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE lifted 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 period. Providence Capital Advisors LLC purchased a new stake in Invesco QQQ in the second quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC acquired a new position in Invesco QQQ in the 3rd quarter worth approximately $91,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $505.56 on Tuesday. The company has a 50 day simple moving average of $515.32 and a two-hundred day simple moving average of $491.29. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15.

Invesco QQQ Dividend Announcement

The firm 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 of this dividend 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.