Cynosure Group LLC Acquires 5,921 Shares of Invesco QQQ (NASDAQ:QQQ)

Cynosure Group LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent disclosure 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 accounts for 2.7% of Cynosure Group LLC's holdings, making the stock its 10th largest position. Cynosure Group LLC's holdings in Invesco QQQ were worth $17,827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. SOA Wealth Advisors LLC. grew its stake in Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after acquiring an additional 46 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Invesco QQQ in the third quarter valued at about $791,000. Beacon Investment Advisory Services Inc. increased its stake in shares of Invesco QQQ by 1.1% during the third quarter. Beacon Investment Advisory Services Inc. now owns 2,095 shares of the exchange traded fund's stock worth $1,023,000 after purchasing an additional 22 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Invesco QQQ by 4.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 181,604 shares of the exchange traded fund's stock worth $88,635,000 after purchasing an additional 8,142 shares during the last quarter. Finally, Independent Family Office LLC lifted its stake in Invesco QQQ by 6.3% in the 3rd quarter. Independent Family Office LLC now owns 2,588 shares of the exchange traded fund's stock valued at $1,243,000 after buying an additional 153 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ stock traded down $27.99 during trading on Friday, hitting $422.67. The stock had a trading volume of 116,767,600 shares, compared to its average volume of 35,531,608. The company's 50-day moving average price is $501.45 and its two-hundred day moving average price is $504.37. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The stock has a market capitalization of $268.12 billion, a P/E ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.