Griffith & Werner Inc. Buys Shares of 1,141 Invesco QQQ (NASDAQ:QQQ)

Griffith & Werner Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,141 shares of the exchange traded fund's stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Stephens Consulting LLC boosted its stake in Invesco QQQ by 0.4% during the 4th 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 in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in 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 valued at $559,000 after buying an additional 20 shares in the last quarter. RAM Investment Partners LLC grew its holdings in Invesco QQQ by 1.7% during the fourth 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 during the period. HighMark Wealth Management LLC raised its position in Invesco QQQ by 5.2% in the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock worth $208,000 after acquiring an additional 20 shares in the last quarter. Finally, Providence First Trust Co lifted its holdings in Invesco QQQ by 3.0% in the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.1%

QQQ stock traded up $0.29 on Wednesday, hitting $521.51. 19,495,997 shares of the company's stock traded hands, compared to its average volume of 37,335,474. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock has a fifty day moving average of $476.24 and a 200-day moving average of $500.91. The stock has a market cap of $326.81 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date 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.