106,925 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Gainplan LLC

Gainplan LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 106,925 shares of the exchange traded fund’s stock, valued at approximately $54,663,000. Invesco QQQ makes up 20.7% of Gainplan LLC’s holdings, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Bridge LLC boosted its position in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas bought a new position in shares of Invesco QQQ in the third quarter worth approximately $62,000. Ritter Daniher Financial Advisory LLC DE raised its stake in 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 in the last quarter. Providence Capital Advisors LLC bought a new stake in Invesco QQQ during the second quarter valued at approximately $76,000. Finally, Ashton Thomas Securities LLC purchased a new position in Invesco QQQ in the 3rd quarter worth approximately $91,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $505.08 on Wednesday. Invesco QQQ has a one year low of $402.92 and a one year high of $539.15. The company’s fifty day moving average price is $515.57 and its 200-day moving average price is $491.47.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid 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.