Jasper Ridge Partners L.P. Sells 1,041 Shares of Invesco QQQ (NASDAQ:QQQ)

Jasper Ridge Partners L.P. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,256 shares of the exchange traded fund's stock after selling 1,041 shares during the period. Jasper Ridge Partners L.P.'s holdings in Invesco QQQ were worth $1,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. PayPay Securities Corp increased its position in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after acquiring an additional 36 shares during the period. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the fourth quarter worth $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth $37,000. Finally, Hoese & Co LLP increased its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $6.46 during trading hours on Tuesday, reaching $514.31. 9,383,536 shares of the company traded hands, compared to its average volume of 36,463,015. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market cap of $321.55 billion, a P/E ratio of 30.62 and a beta of 1.18. The firm has a 50-day moving average price of $467.90 and a 200 day moving average price of $499.45.

Invesco QQQ Cuts Dividend

The company also recently announced 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.

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.