Cardinal Point Capital Management ULC Boosts Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Cardinal Point Capital Management ULC grew its position in Invesco QQQ (NASDAQ:QQQFree Report) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,902 shares of the exchange traded fund’s stock after buying an additional 20 shares during the quarter. Invesco QQQ makes up about 0.3% of Cardinal Point Capital Management ULC’s portfolio, making the stock its 26th largest holding. Cardinal Point Capital Management ULC’s holdings in Invesco QQQ were worth $1,995,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QQQ. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ in the third quarter valued at approximately $62,000. Ritter Daniher Financial Advisory LLC DE lifted its position in Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 63 shares in the last quarter. Providence Capital Advisors LLC acquired a new position in Invesco QQQ during the second quarter worth $76,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Invesco QQQ in the 3rd quarter valued at $91,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.1 %

NASDAQ QQQ opened at $505.08 on Wednesday. The business’s fifty day simple moving average is $515.57 and its 200-day simple moving average is $491.47. Invesco QQQ has a 52 week low of $402.92 and a 52 week high of $539.15.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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