Bramshill Investments LLC Buys 2,518 Shares of Invesco QQQ (NASDAQ:QQQ)

Bramshill Investments LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 49.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,582 shares of the exchange traded fund's stock after purchasing an additional 2,518 shares during the quarter. Invesco QQQ makes up approximately 0.6% of Bramshill Investments LLC's holdings, making the stock its 12th biggest position. Bramshill Investments LLC's holdings in Invesco QQQ were worth $3,876,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Stephens Consulting LLC grew its position 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 worth $2,769,000 after acquiring an additional 19 shares in the last quarter. Cardinal Point Capital Management ULC increased its position in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock worth $1,995,000 after buying an additional 20 shares during 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 valued at $42,000 after buying an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in shares of Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after buying an additional 20 shares during the last quarter. Finally, RAM Investment Partners LLC boosted its stake in shares of Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $1.89 during trading hours on Wednesday, hitting $483.30. 37,946,580 shares of the stock were exchanged, compared to its average volume of 36,404,223. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company's 50 day moving average is $468.61 and its 200 day moving average is $499.45. The firm 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 firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was 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.