Cottage Street Advisors LLC Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Cottage Street Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 9,546 shares of the exchange traded fund’s stock after buying an additional 71 shares during the period. Invesco QQQ accounts for 2.5% of Cottage Street Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Cottage Street Advisors LLC’s holdings in Invesco QQQ were worth $4,880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Arlington Capital Management Inc. lifted its stake in Invesco QQQ by 6.5% in the fourth quarter. Arlington Capital Management Inc. now owns 2,544 shares of the exchange traded fund’s stock worth $1,300,000 after acquiring an additional 156 shares during the period. Graney & King LLC purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $113,000. Excalibur Management Corp raised its stake in Invesco QQQ by 11.4% in the fourth quarter. Excalibur Management Corp now owns 1,371 shares of the exchange traded fund’s stock worth $701,000 after buying an additional 140 shares in the last quarter. Core Wealth Partners LLC lifted its holdings in Invesco QQQ by 3.7% during the fourth quarter. Core Wealth Partners LLC now owns 2,200 shares of the exchange traded fund’s stock worth $1,124,000 after buying an additional 78 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its position in Invesco QQQ by 9.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 29,215 shares of the exchange traded fund’s stock valued at $14,936,000 after acquiring an additional 2,443 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.6 %

NASDAQ:QQQ opened at $493.46 on Wednesday. The stock has a market capitalization of $311.00 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm has a 50 day moving average of $510.77 and a 200 day moving average of $504.97.

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 issued a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

Invesco QQQ Company 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.