Colony Family Offices LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Colony Family Offices LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 856 shares of the exchange traded fund’s stock, valued at approximately $438,000.

Several other hedge funds have also recently modified their holdings of the stock. PayPay Securities Corp lifted its stake in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at about $37,000. Hoese & Co LLP boosted its holdings in Invesco QQQ by 32.3% in the 4th 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 in the last quarter. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $51,000. Finally, BNP Paribas purchased a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $62,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $490.66 on Tuesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business’s fifty day moving average price is $511.00 and its 200 day moving average price is $504.66. The firm has a market capitalization of $309.24 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date 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.