Invesco QQQ (NASDAQ:QQQ) is Foundations Investment Advisors LLC’s 8th Largest Position

Foundations Investment Advisors LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 18.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 196,185 shares of the exchange traded fund’s stock after purchasing an additional 30,629 shares during the period. Invesco QQQ accounts for approximately 1.9% of Foundations Investment Advisors LLC’s portfolio, making the stock its 8th biggest holding. Foundations Investment Advisors LLC’s holdings in Invesco QQQ were worth $100,296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Invesco QQQ by 332.0% in the 2nd quarter. AQR Capital Management LLC now owns 12,041 shares of the exchange traded fund’s stock worth $5,769,000 after acquiring an additional 9,254 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Invesco QQQ by 28.5% during the second quarter. The Manufacturers Life Insurance Company now owns 70,490 shares of the exchange traded fund’s stock worth $33,772,000 after purchasing an additional 15,648 shares during the last quarter. SkyView Investment Advisors LLC purchased a new position in Invesco QQQ during the second quarter worth about $209,000. Magnolia Capital Advisors LLC acquired a new position in Invesco QQQ in the 2nd quarter valued at about $368,000. Finally, Second Line Capital LLC grew its stake in shares of Invesco QQQ by 99.2% in the 2nd quarter. Second Line Capital LLC now owns 1,894 shares of the exchange traded fund’s stock valued at $908,000 after buying an additional 943 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $513.93 on Tuesday. The company has a 50 day simple moving average of $517.86 and a 200-day simple moving average of $493.21. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders 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.

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.