Baer Investment Advisory LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Baer Investment Advisory LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,192 shares of the exchange traded fund's stock, valued at approximately $2,143,000. Invesco QQQ makes up about 4.4% of Baer Investment Advisory LLC's portfolio, making the stock its 14th biggest holding.

Several other hedge funds also recently bought and sold shares of QQQ. Griffith & Werner Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at $583,000. Michels Family Financial LLC bought a new stake in Invesco QQQ in the fourth quarter worth about $2,176,000. Westfuller Advisors LLC raised its holdings in shares of Invesco QQQ by 1.2% in the fourth quarter. Westfuller Advisors LLC now owns 5,124 shares of the exchange traded fund's stock worth $2,619,000 after buying an additional 59 shares during the period. Peak Retirement Planning Inc. purchased a new position in Invesco QQQ during the 4th quarter valued at $6,761,000. Finally, Drucker Wealth 3.0 LLC grew its holdings in shares of Invesco QQQ by 22.0% in the fourth quarter. Drucker Wealth 3.0 LLC now owns 650 shares of the exchange traded fund's stock worth $333,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $0.33 during trading on Wednesday, reaching $521.55. 19,495,997 shares of the company were exchanged, compared to its average volume of 37,335,474. The business's fifty day simple moving average is $476.24 and its 200-day simple moving average is $500.91. The firm has a market capitalization of $326.83 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed 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.

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.