Garrison Point Advisors LLC Purchases 832 Shares of Invesco QQQ (NASDAQ:QQQ)

Garrison Point Advisors LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 182.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,287 shares of the exchange traded fund's stock after purchasing an additional 832 shares during the period. Garrison Point Advisors LLC's holdings in Invesco QQQ were worth $658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Westwood Wealth Management raised its stake in shares of Invesco QQQ by 5.1% during the 4th quarter. Westwood Wealth Management now owns 5,170 shares of the exchange traded fund's stock worth $2,643,000 after purchasing an additional 250 shares in the last quarter. Polymer Capital Management HK LTD lifted its stake in Invesco QQQ by 207.1% in the fourth quarter. Polymer Capital Management HK LTD now owns 5,868 shares of the exchange traded fund's stock valued at $3,000,000 after acquiring an additional 3,957 shares during the last quarter. Aristides Capital LLC lifted its stake in Invesco QQQ by 12.2% in the fourth quarter. Aristides Capital LLC now owns 5,610 shares of the exchange traded fund's stock valued at $2,868,000 after acquiring an additional 610 shares during the last quarter. Oribel Capital Management LP grew its position in shares of Invesco QQQ by 17.5% in the 4th quarter. Oribel Capital Management LP now owns 4,700 shares of the exchange traded fund's stock valued at $2,403,000 after acquiring an additional 700 shares during the period. Finally, Waterloo Capital L.P. increased its stake in shares of Invesco QQQ by 1.8% during the 4th quarter. Waterloo Capital L.P. now owns 9,583 shares of the exchange traded fund's stock worth $4,899,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $17.64 during mid-day trading on Thursday, hitting $448.36. The stock had a trading volume of 76,056,291 shares, compared to its average volume of 36,827,911. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The stock has a market cap of $284.17 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. The company's 50 day simple moving average is $493.17 and its 200 day simple moving average is $502.94.

Invesco QQQ Cuts Dividend

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

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.