Intrepid Capital Management Inc. Purchases 231 Shares of Invesco QQQ (NASDAQ:QQQ)

Intrepid Capital Management Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,994 shares of the exchange traded fund’s stock after purchasing an additional 231 shares during the period. Intrepid Capital Management Inc.’s holdings in Invesco QQQ were worth $1,530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Invesco QQQ by 159.6% in 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 during the period. Principal Financial Group Inc. increased its holdings in shares of Invesco QQQ by 141.0% in 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 during the period. NRI Wealth Management LC purchased a new stake in Invesco QQQ during the 4th quarter valued at about $28,729,000. Garden State Investment Advisory Services LLC grew its position in Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after acquiring an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC grew its position in Invesco QQQ by 16.8% during the 4th 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. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $472.70 on Wednesday. The stock has a market capitalization of $299.86 billion, a P/E ratio of 30.05 and a beta of 1.18. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The business’s 50 day simple moving average is $506.34 and its two-hundred day simple moving average is $505.30.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. 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.