Invesco QQQ (NASDAQ:QQQ) is Cyr Financial Inc.'s 7th Largest Position

Cyr Financial Inc. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 36.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,073 shares of the exchange traded fund's stock after selling 6,357 shares during the quarter. Invesco QQQ comprises approximately 5.2% of Cyr Financial Inc.'s investment portfolio, making the stock its 7th biggest holding. Cyr Financial Inc.'s holdings in Invesco QQQ were worth $5,661,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC lifted its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock valued at $59,000 after purchasing an additional 45 shares during the period. BNP Paribas purchased a new stake in Invesco QQQ in the third quarter valued at $62,000. Brooklyn Investment Group acquired a new stake in Invesco QQQ during the 4th quarter worth about $69,000. Finally, Pacifica Partners Inc. purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $73,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1 %

Shares of QQQ traded down $0.76 during mid-day trading on Friday, reaching $522.29. The company had a trading volume of 38,747,058 shares, compared to its average volume of 30,541,316. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $539.15. The stock has a 50 day moving average of $519.55 and a two-hundred day moving average of $494.13.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.