Cullen Frost Bankers Inc. Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cullen Frost Bankers Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,376 shares of the exchange traded fund's stock after acquiring an additional 1,382 shares during the period. Cullen Frost Bankers Inc.'s holdings in Invesco QQQ were worth $7,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Stephens Consulting LLC raised its holdings in shares of 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 in the last quarter. Planning Capital Management Corp raised its holdings in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund's stock worth $146,000 after acquiring an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC raised its holdings in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock worth $1,995,000 after acquiring an additional 20 shares in the last quarter. Hoese & Co LLP raised its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of 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 worth $559,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Invesco QQQ Stock Performance

Shares of QQQ traded up $3.59 during mid-day trading on Friday, hitting $491.79. 54,649,747 shares of the stock were exchanged, compared to its average volume of 34,845,187. The company has a market cap of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The firm has a 50-day moving average of $518.84 and a two-hundred day moving average of $504.14.

Invesco QQQ Dividend Announcement

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

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.