Cypress Asset Management Inc. TX Buys New Position in Invesco QQQ (NASDAQ:QQQ)

Cypress Asset Management Inc. TX 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 3,719 shares of the exchange traded fund's stock, valued at approximately $1,901,000.

A number of other large investors also recently bought and sold shares of the business. Ameriflex Group Inc. purchased a new position in Invesco QQQ in the fourth quarter worth about $2,734,000. United Advisor Group LLC grew its stake in shares of Invesco QQQ by 6.5% in the fourth quarter. United Advisor Group LLC now owns 5,127 shares of the exchange traded fund's stock worth $2,621,000 after acquiring an additional 312 shares during the period. American Trust grew its stake in shares of Invesco QQQ by 1,669.0% in the fourth quarter. American Trust now owns 45,198 shares of the exchange traded fund's stock worth $23,106,000 after acquiring an additional 42,643 shares during the period. WNY Asset Management LLC grew its stake in shares of Invesco QQQ by 166.9% in the fourth quarter. WNY Asset Management LLC now owns 32,315 shares of the exchange traded fund's stock worth $16,520,000 after acquiring an additional 20,207 shares during the period. Finally, Putney Financial Group LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $67,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock traded down $2.31 during trading hours on Wednesday, reaching $518.91. The company had a trading volume of 44,861,602 shares, compared to its average volume of 44,756,016. The business has a fifty day moving average price of $476.24 and a 200-day moving average price of $500.91. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The firm has a market cap of $325.17 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid 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.