Cypress Capital LLC Makes New $240,000 Investment in Invesco QQQ (NASDAQ:QQQ)

Cypress Capital LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 469 shares of the exchange traded fund’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PayPay Securities Corp lifted its holdings in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at $37,000. Hoese & Co LLP lifted its holdings in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the period. Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 45 shares during the period. Finally, Creative Capital Management Investments LLC lifted its holdings in shares of Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 111 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 2.1 %

Invesco QQQ stock opened at $526.08 on Friday. The stock has a 50-day simple moving average of $523.39 and a 200 day simple moving average of $500.70. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.