Sherman Asset Management Inc. Acquires Shares of 252 Invesco QQQ (NASDAQ:QQQ)

Sherman Asset Management Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 252 shares of the exchange traded fund’s stock, valued at approximately $129,000.

A number of other institutional investors have also recently bought and sold shares of the business. John G Ullman & Associates Inc. bought a new stake in Invesco QQQ in the 4th quarter valued at about $295,000. Middleton & Co. Inc. MA boosted its holdings in Invesco QQQ by 102.0% in the 4th quarter. Middleton & Co. Inc. MA now owns 921 shares of the exchange traded fund’s stock valued at $471,000 after purchasing an additional 465 shares during the period. Anfield Capital Management LLC lifted its holdings in shares of Invesco QQQ by 1.0% during the 4th quarter. Anfield Capital Management LLC now owns 29,324 shares of the exchange traded fund’s stock worth $14,991,000 after acquiring an additional 301 shares during the period. West Michigan Advisors LLC lifted its holdings in shares of Invesco QQQ by 211.6% during the 4th quarter. West Michigan Advisors LLC now owns 1,723 shares of the exchange traded fund’s stock worth $881,000 after acquiring an additional 1,170 shares during the period. Finally, Providence First Trust Co lifted its holdings in shares of Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock worth $346,000 after acquiring an additional 20 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.6 %

Shares of Invesco QQQ stock opened at $508.30 on Friday. The company has a 50 day moving average of $522.05 and a 200-day moving average of $503.28. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a market cap of $320.36 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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