Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Cynosure Group LLC

Cynosure Group LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,871 shares of the exchange traded fund’s stock after buying an additional 5,921 shares during the quarter. Invesco QQQ accounts for 2.7% of Cynosure Group LLC’s holdings, making the stock its 10th biggest holding. Cynosure Group LLC’s holdings in Invesco QQQ were worth $17,827,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Creekmur Asset Management LLC raised its holdings in Invesco QQQ by 1.0% in the 4th quarter. Creekmur Asset Management LLC now owns 42,758 shares of the exchange traded fund’s stock valued at $21,859,000 after acquiring an additional 419 shares in the last quarter. Perritt Capital Management Inc acquired a new position in Invesco QQQ in the fourth quarter valued at about $61,000. DKM Wealth Management Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth about $3,770,000. Private Portfolio Partners LLC raised its position in shares of Invesco QQQ by 1.0% in the 4th quarter. Private Portfolio Partners LLC now owns 13,758 shares of the exchange traded fund’s stock valued at $7,034,000 after buying an additional 130 shares in the last quarter. Finally, Intrepid Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 8.4% during the 4th quarter. Intrepid Capital Management Inc. now owns 2,994 shares of the exchange traded fund’s stock worth $1,530,000 after acquiring an additional 231 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $472.70 on Wednesday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The stock has a market cap of $299.86 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. The company has a 50 day simple moving average of $506.34 and a 200 day simple moving average of $505.30.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

Invesco QQQ Company 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.