TFB Advisors LLC Increases Stake in Invesco QQQ by 32.6%

TFB Advisors LLC has recently reported a significant increase in its holdings of Invesco QQQ (NASDAQ:QQQ - Free Report), raising its ownership by 32.6% in the fourth quarter, as stated in the firm's latest Form 13F filing with the SEC. After acquiring an additional 1,690 shares during this period, TFB Advisors now holds 6,880 shares of this exchange-traded fund (ETF). This investment now represents 1.0% of TFB Advisors LLC's overall portfolio, making QQQ the firm's 18th largest holding. According to the most recent filing, the total value of TFB Advisors LLC's investment in Invesco QQQ stands at approximately $3,517,000.

Other Institutional Investments

Multiple hedge funds have also been active in adjusting their positions concerning Invesco QQQ. Notably, Capital Advisors Inc. OK has increased its stake by 66.0%, resulting in ownership of 17,216 shares valued at $8,801,000 after acquiring an additional 6,846 shares in the last quarter. Furthermore, TCV Trust & Wealth Management Inc. made a new investment in Invesco QQQ, estimated at around $629,000. Similarly, David Wealth Management LLC entered the market with a new position worth approximately $631,000. Schear Investment Advisers LLC showed considerable activity, amplifying its holdings by a staggering 201.5%, now owning 21,247 shares valued at $10,862,000 after securing an additional 14,200 shares. Ridgeline Wealth Planning LLC also took a fresh stake in the ETF, valued at about $4,871,000. Currently, institutional investors collectively own 44.58% of Invesco QQQ shares.

Invesco QQQ Stock Overview

As of Wednesday, the NASDAQ QQQ stock opened at $527.99. Over the past year, the ETF has experienced fluctuations, registering a low of $413.07 and a high of $539.15. Additionally, the stock reflects a 50-day moving average price of $521.54, alongside a 200-day moving average price of $496.40.

Dividend Information

Recently, Invesco QQQ announced a dividend, which was disbursed on December 31st. Shareholders on record as of December 23rd received a dividend of $0.8347 per share, with the ex-dividend date also set for December 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The Trust aims to provide investment results that generally mirror the price and yield performance of the Nasdaq-100 Index. Investors in the Trust can acquire units of beneficial interest, representing undivided interests in the portfolio of securities held, which closely aligns with the weighting of the Nasdaq-100 Index components.

TFB, Advisors, Invest, QQQ, Invesco