Cathy Pareto & Associates Inc. Takes $421,000 Position in Invesco QQQ (NASDAQ:QQQ)

Cathy Pareto & Associates Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 823 shares of the exchange traded fund’s stock, valued at approximately $421,000.

Several other hedge funds have also added to or reduced their stakes in QQQ. Hoese & Co LLP grew its holdings in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC grew 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 valued at about $62,000. Brooklyn Investment Group bought a new position in shares of Invesco QQQ during the fourth quarter valued at about $69,000. Finally, Pacifica Partners Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $73,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.6 %

Shares of QQQ stock opened at $529.63 on Monday. The stock has a fifty day moving average of $517.86 and a 200 day moving average of $493.28. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date 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.