Cypress Wealth Services LLC Purchases 72 Shares of Invesco QQQ (NASDAQ:QQQ)

Cypress Wealth Services LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,428 shares of the exchange traded fund’s stock after acquiring an additional 72 shares during the period. Cypress Wealth Services LLC’s holdings in Invesco QQQ were worth $2,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in QQQ. Legacy Bridge LLC boosted its holdings in shares of Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ during the 3rd quarter worth $62,000. Pacifica Partners Inc. bought a new stake in shares of Invesco QQQ during the 4th quarter worth $73,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares in the last quarter. Finally, Providence Capital Advisors LLC bought a new position in Invesco QQQ in the second quarter valued at about $76,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $513.08 on Friday. Invesco QQQ has a 12 month low of $402.92 and a 12 month high of $539.15. The stock has a 50-day moving average price of $515.79 and a two-hundred day moving average price of $491.65.

Invesco QQQ Announces Dividend

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

About Invesco QQQ

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.