Cobblestone Capital Advisors LLC NY Has $671,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cobblestone Capital Advisors LLC NY boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,312 shares of the exchange traded fund’s stock after buying an additional 45 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Invesco QQQ were worth $671,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Maple Capital Management Inc. raised its stake in Invesco QQQ by 31.5% during the fourth quarter. Maple Capital Management Inc. now owns 2,393 shares of the exchange traded fund’s stock worth $1,223,000 after acquiring an additional 573 shares in the last quarter. Sims Investment Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $5,319,000. SVB Wealth LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $8,685,000. Illumine Investment Management LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $1,356,000. Finally, Tufton Capital Management bought a new position in Invesco QQQ in the 4th quarter valued at approximately $208,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $508.30 on Friday. The company’s 50 day moving average price is $522.05 and its two-hundred day moving average price is $503.00. The firm has a market capitalization of $320.36 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.