Creekmur Asset Management LLC Purchases 419 Shares of Invesco QQQ (NASDAQ:QQQ)

Creekmur Asset Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,758 shares of the exchange traded fund’s stock after acquiring an additional 419 shares during the quarter. Invesco QQQ makes up about 5.0% of Creekmur Asset Management LLC’s holdings, making the stock its 9th largest holding. Creekmur Asset Management LLC’s holdings in Invesco QQQ were worth $21,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Stephens Consulting LLC boosted its position in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the period. Cardinal Point Capital Management ULC lifted its holdings in Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares during the period. Hoese & Co LLP grew its position in Invesco QQQ by 32.3% in the 4th 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 in the last quarter. Farmers & Merchants Investments Inc. increased its stake in Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 20 shares during the period. Finally, RAM Investment Partners LLC raised its position in shares of Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $472.70 on Wednesday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The firm has a market capitalization of $299.86 billion, a PE ratio of 30.05 and a beta of 1.18. The company’s 50 day simple moving average is $506.34 and its 200 day simple moving average is $505.30.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.