Invesco QQQ (NASDAQ:QQQ) Position Increased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 119.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,961 shares of the exchange traded fund's stock after purchasing an additional 20,624 shares during the quarter. Invesco QQQ comprises about 2.1% of Silver Oak Securities Incorporated's holdings, making the stock its 5th biggest position. Silver Oak Securities Incorporated's holdings in Invesco QQQ were worth $15,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. 180 Wealth Advisors LLC raised its position in Invesco QQQ by 1.2% in the third quarter. 180 Wealth Advisors LLC now owns 2,428 shares of the exchange traded fund's stock worth $870,000 after acquiring an additional 29 shares during the period. Bank Hapoalim BM raised its position in Invesco QQQ by 6.3% in the fourth quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund's stock worth $31,669,000 after acquiring an additional 4,549 shares during the period. Goodwin Daniel L raised its position in Invesco QQQ by 76.1% in the third quarter. Goodwin Daniel L now owns 5,775 shares of the exchange traded fund's stock worth $2,069,000 after acquiring an additional 2,495 shares during the period. Ameriprise Financial Inc. raised its position in Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund's stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the period. Finally, VitalStone Financial LLC raised its position in shares of Invesco QQQ by 302.0% in the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund's stock valued at $8,099,000 after purchasing an additional 16,079 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $6.55 during midday trading on Friday, hitting $431.00. The company's stock had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. The stock has a fifty day moving average price of $436.88 and a 200 day moving average price of $410.68. Invesco QQQ has a one year low of $315.05 and a one year high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

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.