Cynosure Group LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,871 shares of the exchange traded fund's stock after acquiring an additional 5,921 shares during the quarter. Invesco QQQ comprises approximately 2.7% of Cynosure Group LLC's holdings, making the stock its 10th biggest position. 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 institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP lifted its position in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, Perritt Capital Management Inc purchased a new position in Invesco QQQ during the 4th quarter valued at approximately $61,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ traded down $25.49 during mid-day trading on Thursday, hitting $450.66. 69,925,799 shares of the stock were exchanged, compared to its average volume of 35,312,085. The company has a market cap of $285.88 billion, a PE ratio of 30.05 and a beta of 1.18. 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 $505.23 and a two-hundred day moving average of $505.09.
Invesco QQQ Cuts Dividend
The firm also recently disclosed 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 of this dividend is Monday, March 24th.
Invesco QQQ Profile
(
Free Report)
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.
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