Mesirow Financial Investment Management Inc. Purchases 1,657 Shares of Invesco QQQ (NASDAQ:QQQ)

Mesirow Financial Investment Management Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,677 shares of the exchange traded fund's stock after purchasing an additional 1,657 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Invesco QQQ were worth $14,661,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of QQQ. Stephens Consulting LLC increased its holdings in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after purchasing an additional 19 shares during the period. Planning Capital Management Corp increased its holdings in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund's stock valued at $146,000 after purchasing an additional 20 shares during the period. Cardinal Point Capital Management ULC increased its holdings in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock valued at $1,995,000 after purchasing an additional 20 shares during the period. Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after purchasing an additional 20 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Invesco QQQ Stock Up 0.7 %

Shares of QQQ traded up $3.59 during trading hours on Friday, reaching $491.79. The company's stock had a trading volume of 54,649,747 shares, compared to its average volume of 34,845,187. The firm has a market cap of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a 50 day moving average of $518.84 and a two-hundred day moving average of $504.14.

Invesco QQQ Announces Dividend

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