Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Dimension Capital Management LLC

Dimension Capital Management LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,214 shares of the exchange traded fund’s stock after purchasing an additional 72 shares during the quarter. Invesco QQQ makes up about 2.7% of Dimension Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Dimension Capital Management LLC’s holdings in Invesco QQQ were worth $16,469,000 at the end of the most recent reporting period.

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

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $483.30 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company’s fifty day moving average is $468.11 and its two-hundred day moving average is $499.34. The company has a market capitalization of $302.86 billion, a P/E ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

About Invesco QQQ

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.