Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Peak Financial Management Inc.

Peak Financial Management Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,574 shares of the exchange traded fund’s stock after buying an additional 29 shares during the quarter. Peak Financial Management Inc.’s holdings in Invesco QQQ were worth $805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Hoese & Co LLP raised its position in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC increased its stake in Invesco QQQ by 60.0% during the third 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 3rd quarter worth about $62,000. Brooklyn Investment Group acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $69,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $73,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $529.63 on Monday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15. The firm has a 50 day moving average price of $517.86 and a 200 day moving average price of $493.28.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.8347 dividend. 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.