Cottage Street Advisors LLC Buys 71 Shares of Invesco QQQ (NASDAQ:QQQ)

Cottage Street Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,546 shares of the exchange traded fund’s stock after purchasing an additional 71 shares during the quarter. Invesco QQQ comprises approximately 2.5% of Cottage Street Advisors LLC’s portfolio, making the stock its 13th biggest holding. Cottage Street Advisors LLC’s holdings in Invesco QQQ were worth $4,880,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. increased its stake in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after purchasing an additional 46 shares in the last quarter. Davis R M Inc. lifted its stake in Invesco QQQ by 3.2% during the 3rd quarter. Davis R M Inc. now owns 3,789 shares of the exchange traded fund’s stock valued at $1,849,000 after acquiring an additional 118 shares during the period. Harvest Fund Management Co. Ltd grew its position in Invesco QQQ by 95.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 558 shares during the period. Blue Investment Partners LLC grew its holdings in shares of Invesco QQQ by 5.2% in the third quarter. Blue Investment Partners LLC now owns 2,006 shares of the exchange traded fund’s stock worth $979,000 after acquiring an additional 100 shares during the period. Finally, Elios Financial Group Inc. purchased a new stake in Invesco QQQ in the 3rd quarter worth $1,533,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.6 %

NASDAQ QQQ opened at $493.46 on Wednesday. The business has a 50-day moving average price of $510.77 and a 200-day moving average price of $504.97. The firm has a market cap of $311.00 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date is 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.