Invesco QQQ $QQQ Shares Sold by Cynosure Group LLC

Cynosure Group LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 71.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,065 shares of the exchange traded fund’s stock after selling 32,352 shares during the quarter. Invesco QQQ comprises about 0.4% of Cynosure Group LLC’s investment portfolio, making the stock its 23rd biggest position. Cynosure Group LLC’s holdings in Invesco QQQ were worth $8,026,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carrera Capital Advisors increased its holdings in Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after buying an additional 1,154 shares during the last quarter. Sovran Advisors LLC increased its holdings in Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after buying an additional 1,340 shares during the last quarter. Corepath Wealth Partners LLC increased its holdings in Invesco QQQ by 19.7% in the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after buying an additional 1,436 shares during the last quarter. Cane Capital Partners LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $715,000. Finally, Coyle Financial Counsel LLC increased its holdings in Invesco QQQ by 4.9% in the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after buying an additional 2,035 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $744.00 on Tuesday. Invesco QQQ has a fifty-two week low of $523.65 and a fifty-two week high of $748.65. The business has a 50-day moving average price of $684.09 and a 200 day moving average price of $636.34.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, March 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.