Invesco QQQ (NASDAQ:QQQ) is Pine Ridge Advisers LLC’s 5th Largest Position

Pine Ridge Advisers LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,297 shares of the exchange traded fund’s stock after purchasing an additional 11,693 shares during the quarter. Invesco QQQ makes up approximately 6.4% of Pine Ridge Advisers LLC’s portfolio, making the stock its 5th largest holding. Pine Ridge Advisers LLC’s holdings in Invesco QQQ were worth $72,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $35,000. Roxbury Financial LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP lifted its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $51,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $467.35 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a market capitalization of $299.06 billion, a PE ratio of 28.58 and a beta of 1.11. The business’s 50-day moving average is $475.73 and its 200 day moving average is $500.14.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.