Sanders Morris Harris LLC Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

Sanders Morris Harris LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,728 shares of the exchange traded fund’s stock after acquiring an additional 6,519 shares during the quarter. Invesco QQQ makes up 18.1% of Sanders Morris Harris LLC’s holdings, making the stock its biggest position. Sanders Morris Harris LLC’s holdings in Invesco QQQ were worth $120,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. 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 acquiring an additional 45 shares during the last quarter. BNP Paribas purchased a new position in shares of Invesco QQQ in the third quarter worth about $62,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 63 shares during the period. Pacifica Partners Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $73,000. Finally, Providence Capital Advisors LLC bought a new position in Invesco QQQ in the 2nd quarter worth approximately $76,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $513.08 on Friday. The company’s fifty day simple moving average is $515.79 and its two-hundred day simple moving average is $491.65. Invesco QQQ has a 1 year low of $402.92 and a 1 year high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.