Cane Capital Partners LLC Takes Position in Invesco QQQ $QQQ

Cane Capital Partners LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 1,164 shares of the exchange traded fund’s stock, valued at approximately $715,000.

A number of other large investors have also recently made changes to their positions in QQQ. Well Done LLC boosted its position in Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after purchasing an additional 16 shares in the last quarter. Orgel Wealth Management LLC boosted its position in Invesco QQQ by 4.7% during the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after purchasing an additional 17 shares in the last quarter. Enclave Advisors LLC boosted its position in Invesco QQQ by 0.9% during the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $1,099,000 after purchasing an additional 17 shares in the last quarter. IFS Advisors LLC boosted its position in Invesco QQQ by 4.1% during the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock valued at $259,000 after purchasing an additional 17 shares in the last quarter. Finally, Mezzasalma Advisors LLC boosted its position in Invesco QQQ by 0.5% during the third quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock valued at $1,988,000 after purchasing an additional 17 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 3.0%

Shares of QQQ stock opened at $606.09 on Thursday. Invesco QQQ has a 1-year low of $415.43 and a 1-year high of $637.01. The stock’s 50-day moving average is $599.95 and its 200 day moving average is $609.28.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

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Invesco QQQ Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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