Sage Mountain Advisors LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Sage Mountain Advisors LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 16.7% during the fourth quarter, HoldingsChannel reports. The firm owned 13,987 shares of the exchange traded fund’s stock after buying an additional 1,999 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Invesco QQQ were worth $7,151,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Net Worth Advisory Group boosted its holdings in shares of Invesco QQQ by 15.1% in the 4th quarter. Net Worth Advisory Group now owns 3,928 shares of the exchange traded fund’s stock valued at $2,008,000 after buying an additional 514 shares in the last quarter. Riverbend Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $4,185,000. Carnegie Mellon University acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $31,108,000. Clare Market Investments LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $8,097,000. Finally, Independent Advisor Alliance boosted its holdings in shares of Invesco QQQ by 2,338.1% in the 4th quarter. Independent Advisor Alliance now owns 157,159 shares of the exchange traded fund’s stock valued at $80,344,000 after buying an additional 150,713 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 3.9 %

Shares of Invesco QQQ stock opened at $472.73 on Tuesday. The company has a fifty day simple moving average of $517.98 and a 200-day simple moving average of $504.13. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The stock has a market cap of $297.94 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.