Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Crestline Management LP

Crestline Management LP increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9,736.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,000 shares of the exchange traded fund's stock after acquiring an additional 148,475 shares during the quarter. Invesco QQQ comprises 2.5% of Crestline Management LP's investment portfolio, making the stock its 4th biggest position. Crestline Management LP's holdings in Invesco QQQ were worth $76,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of QQQ. PayPay Securities Corp increased its position in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter valued at about $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $37,000. Finally, Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $4.99 during mid-day trading on Thursday, reaching $488.29. 39,371,811 shares of the company were exchanged, compared to its average volume of 36,466,234. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm's 50-day simple moving average is $468.11 and its 200 day simple moving average is $499.34. The firm has a market cap of $305.99 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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