Colony Family Offices LLC Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Colony Family Offices LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 856 shares of the exchange traded fund’s stock, valued at approximately $438,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares in the last quarter. NRI Wealth Management LC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $28,729,000. Garden State Investment Advisory Services LLC increased its stake in shares of Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC lifted its stake in Invesco QQQ by 16.8% in the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after acquiring an additional 6,518 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.0 %

Invesco QQQ stock opened at $490.66 on Tuesday. The company has a fifty day simple moving average of $511.00 and a 200-day simple moving average of $504.66. The stock has a market cap of $309.24 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

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.