Sentinus LLC Buys 970 Shares of Invesco QQQ (NASDAQ:QQQ)

Sentinus LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,468 shares of the exchange traded fund's stock after purchasing an additional 970 shares during the period. Invesco QQQ accounts for 1.0% of Sentinus LLC's holdings, making the stock its 27th biggest holding. Sentinus LLC's holdings in Invesco QQQ were worth $3,307,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Stephens Consulting LLC increased its stake in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after acquiring an additional 19 shares during the last quarter. Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after buying an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after buying an additional 20 shares in the last quarter. RAM Investment Partners LLC boosted its position in Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after buying an additional 20 shares in the last quarter. Finally, HighMark Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 5.2% during the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock worth $208,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $2.26 during mid-day trading on Friday, reaching $521.51. 47,717,535 shares of the company's stock were exchanged, compared to its average volume of 36,812,740. The firm has a market capitalization of $326.80 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The business's fifty day moving average price is $470.91 and its 200-day moving average price is $500.15. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders 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.