Bare Financial Services Inc Invests $146,000 in Invesco QQQ (NASDAQ:QQQ)

Bare Financial Services Inc bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 356 shares of the exchange traded fund’s stock, valued at approximately $146,000. Invesco QQQ makes up approximately 0.3% of Bare Financial Services Inc’s investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors have also made changes to their positions in the company. Red Tortoise LLC increased its stake in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $41,000. Bear Mountain Capital Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $42,000. Core Wealth Advisors Inc. boosted its holdings in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares during the period. Finally, Hexagon Capital Partners LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $53,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ traded up $5.38 during midday trading on Thursday, hitting $426.90. 34,790,329 shares of the stock traded hands, compared to its average volume of 45,875,086. Invesco QQQ has a 1-year low of $315.11 and a 1-year high of $449.34. The business’s 50 day moving average price is $436.78 and its two-hundred day moving average price is $411.61.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th were issued a $0.5735 dividend. This represents a $2.29 annualized dividend and a yield of 0.54%. The ex-dividend date was Monday, March 18th.

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.