Tandem Capital Management Corp ADV Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Tandem Capital Management Corp ADV bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, Holdings Channel reports. The fund bought 1,002 shares of the exchange traded fund’s stock, valued at approximately $410,000.

A number of other hedge funds have also recently made changes to their positions in the stock. GHP Investment Advisors Inc. lifted its stake in shares of Invesco QQQ by 9.4% in the third quarter. GHP Investment Advisors Inc. now owns 3,344 shares of the exchange traded fund’s stock worth $1,222,000 after buying an additional 287 shares in the last quarter. Culbertson A N & Co. Inc. boosted its stake in Invesco QQQ by 13.6% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 926 shares of the exchange traded fund’s stock valued at $332,000 after purchasing an additional 111 shares during the last quarter. RFG Holdings Inc. increased its holdings in shares of Invesco QQQ by 141.5% in the 3rd quarter. RFG Holdings Inc. now owns 68,057 shares of the exchange traded fund’s stock worth $24,383,000 after purchasing an additional 39,881 shares in the last quarter. Galvin Gaustad & Stein LLC raised its stake in shares of Invesco QQQ by 45.3% in the third quarter. Galvin Gaustad & Stein LLC now owns 805 shares of the exchange traded fund’s stock worth $288,000 after purchasing an additional 251 shares during the last quarter. Finally, Sparta 24 Ltd. raised its stake in shares of Invesco QQQ by 145.8% in the third quarter. Sparta 24 Ltd. now owns 33,740 shares of the exchange traded fund’s stock worth $12,088,000 after purchasing an additional 20,016 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.5 %

Shares of Invesco QQQ stock traded down $2.06 during trading on Thursday, hitting $424.45. 55,724,294 shares of the company’s stock traded hands, compared to its average volume of 46,182,387. Invesco QQQ has a 1 year low of $311.34 and a 1 year high of $449.34. The business has a 50-day simple moving average of $436.87 and a 200-day simple moving average of $409.67.

Invesco QQQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Monday, March 18th.

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.