Cynosure Group LLC Has $14.13 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Cynosure Group LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 24.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,950 shares of the exchange traded fund’s stock after acquiring an additional 5,773 shares during the period. Invesco QQQ comprises about 2.0% of Cynosure Group LLC’s investment portfolio, making the stock its 12th largest holding. Cynosure Group LLC’s holdings in Invesco QQQ were worth $14,129,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter worth $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the first quarter worth about $40,000. CGC Financial Services LLC grew its holdings in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares in the last quarter. Finally, Legacy Bridge LLC raised its position in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.5 %

NASDAQ:QQQ opened at $509.31 on Wednesday. Invesco QQQ has a twelve month low of $382.66 and a twelve month high of $515.58. The business has a 50 day moving average price of $494.46 and a two-hundred day moving average price of $478.12.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a yield of 0.53%.

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.