Leavell Investment Management Inc. Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Leavell Investment Management Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,754 shares of the exchange traded fund’s stock after buying an additional 636 shares during the period. Leavell Investment Management Inc.’s holdings in Invesco QQQ were worth $10,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in Invesco QQQ by 46,491.6% during the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing an additional 488,815 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after purchasing an additional 13,772 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock valued at $425,324,000 after purchasing an additional 2,572 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.2 %

Shares of QQQ opened at $527.99 on Wednesday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock has a fifty day moving average price of $521.54 and a 200-day moving average price of $496.40.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.