Circle Wealth Management LLC Acquires 1,888 Shares of Invesco QQQ (NASDAQ:QQQ)

Circle Wealth Management LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,204 shares of the exchange traded fund's stock after buying an additional 1,888 shares during the period. Invesco QQQ makes up approximately 0.6% of Circle Wealth Management LLC's portfolio, making the stock its 18th biggest holding. Circle Wealth Management LLC's holdings in Invesco QQQ were worth $26,688,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Clark Capital Management Group Inc. boosted its position in Invesco QQQ by 31.2% in the fourth quarter. Clark Capital Management Group Inc. now owns 3,598 shares of the exchange traded fund's stock worth $1,839,000 after purchasing an additional 856 shares during the last quarter. Cladis Investment Advisory LLC raised its stake in shares of Invesco QQQ by 1.8% during the 4th quarter. Cladis Investment Advisory LLC now owns 5,622 shares of the exchange traded fund's stock worth $2,874,000 after purchasing an additional 101 shares during the period. Clear Street Derivatives LLC raised its stake in shares of Invesco QQQ by 134.8% during the 4th quarter. Clear Street Derivatives LLC now owns 86,306 shares of the exchange traded fund's stock worth $44,122,000 after purchasing an additional 49,545 shares during the period. Coastal Bridge Advisors LLC boosted its holdings in shares of Invesco QQQ by 4.5% in the 4th quarter. Coastal Bridge Advisors LLC now owns 3,272 shares of the exchange traded fund's stock worth $1,673,000 after buying an additional 142 shares during the last quarter. Finally, Diligent Investors LLC grew its position in Invesco QQQ by 3.1% during the fourth quarter. Diligent Investors LLC now owns 1,092 shares of the exchange traded fund's stock valued at $558,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ stock traded down $0.24 during mid-day trading on Friday, hitting $488.05. The company had a trading volume of 27,675,907 shares, compared to its average volume of 36,475,758. The firm has a market cap of $305.84 billion, a PE ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock's fifty day moving average price is $467.78 and its two-hundred day moving average price is $499.24.

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 $0.7157 dividend. The ex-dividend date was 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.