Hudson Value Partners LLC Buys 563 Shares of Invesco QQQ (NASDAQ:QQQ)

Hudson Value Partners LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 46.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,779 shares of the exchange traded fund’s stock after buying an additional 563 shares during the period. Hudson Value Partners LLC’s holdings in Invesco QQQ were worth $729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in QQQ. Red Tortoise LLC raised its holdings 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 acquiring an additional 74 shares during the period. Friedenthal Financial bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $41,000. Robinson Capital Management LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $40,000. Bear Mountain Capital Inc. bought a new position in Invesco QQQ in the 4th quarter worth approximately $42,000. Finally, Core Wealth Advisors Inc. grew its holdings in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 30 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.9 %

Shares of Invesco QQQ stock traded up $4.29 on Friday, hitting $457.95. 29,669,461 shares of the company traded hands, compared to its average volume of 33,694,408. Invesco QQQ has a 52 week low of $336.67 and a 52 week high of $460.58. The business has a 50-day simple moving average of $439.25 and a 200 day simple moving average of $422.03.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were issued a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.50%.

Invesco QQQ Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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