Burns Matteson Capital Management LLC Buys 87 Shares of Invesco QQQ (NASDAQ:QQQ)

Burns Matteson Capital Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,369 shares of the exchange traded fund’s stock after buying an additional 87 shares during the period. Burns Matteson Capital Management LLC’s holdings in Invesco QQQ were worth $700,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after buying an additional 32,516,210 shares during the period. Strategic Financial Concepts LLC grew its holdings in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after acquiring an additional 488,815 shares during the period. Cibc World Market Inc. raised its stake in shares of Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after acquiring an additional 324,948 shares during the last quarter. Finally, Empirical Asset Management LLC boosted its holdings in shares of Invesco QQQ by 15,676.3% during the fourth quarter. Empirical Asset Management LLC now owns 202,883 shares of the exchange traded fund’s stock worth $103,720,000 after purchasing an additional 201,597 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3 %

QQQ opened at $522.92 on Monday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The business has a 50 day simple moving average of $521.26 and a two-hundred day simple moving average of $495.67.

Invesco QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend 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.