Americana Partners LLC Increases Investment in Invesco QQQ

Americana Partners LLC has significantly increased its investment in Invesco QQQ (NASDAQ:QQQ - Free Report) by 38.8% in the fourth quarter, as reported in its latest 13F filing with the Securities and Exchange Commission (SEC). Following this acquisition, the firm now holds a total of 8,034 shares of the exchange-traded fund, having purchased an additional 2,245 shares during the quarter. The total value of Americana Partners LLC's investment in Invesco QQQ stands at approximately $4,107,000 based on the most recent SEC filing.

Changes Among Other Investors

In addition to Americana Partners, several other institutional investors and hedge funds have also made adjustments to their holdings in QQQ. For instance, Stephens Consulting LLC increased its stake by 0.4% in the last quarter, bringing their total to 5,416 shares valued at around $2,769,000 after adding 19 shares. Similarly, Northeast Investment Management raised its holdings by 0.6%, now owning 3,476 shares worth approximately $1,697,000 after buying 20 additional shares.

Planning Capital Management Corp also made its move by increasing its investment by 7.1%, accumulating a total of 300 shares valued at about $146,000. Cardinal Point Capital Management ULC grew its holdings by 0.5%, now controlling 3,902 shares worth $1,995,000 after purchasing 20 more shares. Lastly, Hoese & Co LLP ramped up their investment by a notable 32.3%, now holding 82 shares valued at $42,000 after acquiring an extra 20 shares in the last quarter.

As a result of these adjustments, institutional investors and hedge funds collectively own 44.58% of Invesco QQQ's total stock.

Invesco QQQ Pricing Overview

The shares of Invesco QQQ opened at $538.15 on Monday. Over the past year, the price has fluctuated between a low of $413.07 and a high of $539.15. The 50-day moving average price is noted at $522.38, while the 200-day moving average stands at $498.14.

Dividend Details

The company has also made a recent dividend announcement, with payments made on Tuesday, December 31st. Investors who were on record by Monday, December 23rd received a dividend of $0.8347 per share. The ex-dividend date coincided with the record date, also set for December 23rd.

Understanding Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that offers securities known as Nasdaq-100 Index Tracking Stock. Its primary investment goal is to match the performance results of the Nasdaq-100 Index in terms of price and yield. This trust allows investors to purchase units that represent proportionate interests in the portfolio of securities held by the trust, which closely mirrors the selection and weightings of the Nasdaq-100 Index components.

Additional Resources

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To stay updated on hedge funds’ holdings in QQQ, visit reliable financial news outlets.

Invesco, Investors, Stocks