3,719 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,719 shares of the exchange traded fund's stock, valued at approximately $1,901,000.

A number of other large investors have also added to or reduced their stakes in QQQ. Synergy Investment Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at about $723,000. Grant Private Wealth Management Inc bought a new position in Invesco QQQ during the 4th quarter worth $815,000. Tandem Investment Partners LLC bought a new position in Invesco QQQ during the 4th quarter worth $4,623,000. Gemsstock Ltd. increased its position in Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after buying an additional 213,400 shares during the period. Finally, Wescott Financial Advisory Group LLC increased its position in Invesco QQQ by 1.8% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock worth $75,071,000 after buying an additional 2,600 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 2.4%

QQQ stock traded up $11.98 during trading hours on Tuesday, hitting $521.22. 47,029,049 shares of the stock were exchanged, compared to its average volume of 37,403,242. The firm has a market capitalization of $326.62 billion, a P/E ratio of 30.62 and a beta of 1.11. The company has a 50-day simple moving average of $475.41 and a two-hundred day simple moving average of $500.77. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

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 given a $0.7157 dividend. The ex-dividend date of this dividend 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.