Bright Financial Advisors Inc. Grows Position in Invesco QQQ (NASDAQ:QQQ)

Bright Financial Advisors Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,529 shares of the exchange traded fund’s stock after purchasing an additional 55 shares during the quarter. Invesco QQQ makes up approximately 2.1% of Bright Financial Advisors Inc.’s portfolio, making the stock its 14th biggest position. Bright Financial Advisors Inc.’s holdings in Invesco QQQ were worth $3,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Legacy Bridge LLC increased its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the 3rd quarter worth about $62,000. Brooklyn Investment Group bought a new stake in Invesco QQQ in the 4th quarter worth about $69,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in Invesco QQQ by 75.9% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $529.60 on Friday. The business has a 50-day simple moving average of $521.00 and a two-hundred day simple moving average of $495.29. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.