Invesco QQQ (NASDAQ:QQQ) Stock Position Boosted by Cynosure Group LLC

Cynosure Group LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,871 shares of the exchange traded fund’s stock after acquiring an additional 5,921 shares during the period. Invesco QQQ makes up 2.7% of Cynosure Group LLC’s investment portfolio, 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 SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Stephens Consulting LLC increased its stake in 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 buying an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC increased its position in shares of Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after acquiring an additional 20 shares during the last quarter. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in Invesco QQQ by 1.9% during the fourth 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 last quarter. Finally, RAM Investment Partners LLC grew its stake in Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.8 %

Shares of QQQ opened at $472.70 on Wednesday. The company has a market cap of $299.86 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. The company’s fifty day simple moving average is $506.34 and its 200 day simple moving average is $505.30. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. 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.