Peapack Gladstone Financial Corp Has $175.42 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Peapack Gladstone Financial Corp cut its stake in Invesco QQQ (NASDAQ:QQQ) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 343,127 shares of the exchange traded fund’s stock after selling 4,736 shares during the period. Invesco QQQ accounts for 2.5% of Peapack Gladstone Financial Corp’s investment portfolio, making the stock its 3rd largest holding. Peapack Gladstone Financial Corp owned about 0.05% of Invesco QQQ worth $175,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. lifted its stake in 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 valued at $9,468,000 after buying an additional 11,351 shares during the period. NRI Wealth Management LC bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $28,729,000. Garden State Investment Advisory Services LLC grew its position in shares of 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 buying an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC increased its stake in shares of Invesco QQQ by 16.8% in the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock valued at $23,165,000 after acquiring an additional 6,518 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 6.2 %

Shares of NASDAQ QQQ opened at $422.67 on Friday. The firm has a market cap of $268.12 billion, a PE ratio of 30.05 and a beta of 1.18. The company’s fifty day simple moving average is $501.45 and its 200 day simple moving average is $504.58. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend 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.