Boston Financial Management LLC Purchases 7,326 Shares of Invesco QQQ (NASDAQ:QQQ)
Boston Financial Management LLC increased its stake in Invesco QQQ (NASDAQ: QQQ) by 42.8% during the 4th quarter.
- The institutional investor now owns 24,446 shares of the exchange-traded fund‘s stock after acquiring 7,326 additional shares during the quarter.
- The total value of Boston Financial Management LLC’s holdings in Invesco QQQ amounted to $12,497,000 as of its latest filing with the Securities and Exchange Commission.
Other institutional investors have also made adjustments to their holdings in Invesco QQQ.
- International Assets Investment Management LLC increased its position by 46,491.6% in the third quarter, now owning 32,586,150 shares worth approximately $15.9 billion.
- Toronto Dominion Bank boosted its stake by 13.0%, owning 4,261,790 shares valued at $2.08 billion.
- Strategic Financial Concepts LLC raised its holdings by 47,853.9% in the 4th quarter, now owning 4,113,968 shares valued at $2.1 billion.
- CHURCHILL MANAGEMENT Corp and Stifel Financial Corp also raised their stakes in the fund.
- 44.58% of Invesco QQQ stock is owned by institutional investors.
Invesco QQQ Price Performance
Invesco QQQ stock saw a decrease of $2.29, reaching $537.23 during midday trading on Thursday.
- The trading volume was 26,410,459 shares, compared to the average volume of 30,067,979 shares.
- The stock has a 50-day simple moving average of $523.26 and a 200-day simple moving average of $499.81.
- Over the past 52 weeks, Invesco QQQ has traded between a low of $413.07 and a high of $540.81.
Invesco QQQ Dividend Announcement
Invesco QQQ recently declared a dividend of $0.8347 per share, which was paid on December 31st.
- Stockholders of record on December 23rd received the dividend, with the ex-dividend date being the same day.
Invesco QQQ Profile
PowerShares QQQ Trust, Series 1 issues securities known as Nasdaq-100 Index Tracking Stock.
- Its investment objective is to mirror the price and yield performance of the Nasdaq-100 Index.
- The trust allows investors to buy units of beneficial interest, which represent proportionate undivided interests in a portfolio of securities that closely follows the Nasdaq-100 Index components.