Northstar Financial Companies Inc. Purchases Shares of 593 Invesco QQQ (NASDAQ:QQQ)

Northstar Financial Companies Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 593 shares of the exchange traded fund's stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Wealth Group Ltd. boosted its stake in Invesco QQQ by 6.9% during the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after purchasing an additional 102 shares during the last quarter. Tallon Kerry Patrick bought a new position in Invesco QQQ in the 4th quarter worth $4,904,000. Capital & Planning LLC raised its holdings in Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after purchasing an additional 229 shares during the period. Naviter Wealth LLC raised its holdings in Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after purchasing an additional 107 shares during the period. Finally, Eagle Capital Management LLC raised its holdings in Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.6%

Invesco QQQ stock traded down $3.24 during trading on Friday, reaching $516.69. The company had a trading volume of 67,585,697 shares, compared to its average volume of 37,748,895. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The firm's 50-day simple moving average is $478.06 and its 200 day simple moving average is $501.10. The firm has a market capitalization of $323.78 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. 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.