Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,700 shares of the exchange traded fund’s stock after purchasing an additional 621 shares during the quarter. Invesco QQQ accounts for approximately 1.0% of Kraft Davis & Associates LLC’s portfolio, making the stock its 28th largest holding. Kraft Davis & Associates LLC’s holdings in Invesco QQQ were worth $3,533,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stephens Consulting LLC increased its position in shares of Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC boosted its stake in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock valued at $1,995,000 after buying an additional 20 shares during the last quarter. Hoese & Co LLP increased its stake in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 20 shares during the last quarter. Finally, RAM Investment Partners LLC lifted its position in shares of Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.8 %

Shares of NASDAQ:QQQ opened at $416.06 on Wednesday. The firm has a 50-day simple moving average of $495.43 and a 200 day simple moving average of $503.31. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The company has a market cap of $263.70 billion, a PE ratio of 30.05 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.