Dock Street Asset Management Inc. Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

Dock Street Asset Management Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,439 shares of the exchange traded fund’s stock after purchasing an additional 206 shares during the quarter. Invesco QQQ accounts for approximately 0.2% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 26th largest holding. Dock Street Asset Management Inc.’s holdings in Invesco QQQ were worth $1,758,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hoese & Co LLP grew its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas bought a new position in Invesco QQQ in the third quarter worth approximately $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ during the 4th quarter worth $69,000. Finally, Pacifica Partners Inc. bought a new stake in Invesco QQQ during the 4th quarter valued at $73,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $529.60 on Friday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $539.15. The business’s fifty day simple moving average is $521.00 and its 200-day simple moving average is $495.29.

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 issued 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.