Dahring Cusmano LLC Purchases New Stake in Invesco QQQ (NASDAQ:QQQ)

Dahring Cusmano LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 621 shares of the exchange traded fund’s stock, valued at approximately $318,000.

Several other hedge funds have also recently bought and sold shares of the business. Strategic Financial Concepts LLC raised its stake in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. Toronto Dominion Bank raised its stake in shares of Invesco QQQ by 13.0% during 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 purchasing 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 purchasing an additional 324,948 shares during the period. Empirical Asset Management LLC raised its stake 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 valued at $103,720,000 after purchasing an additional 201,597 shares during the period. Finally, Main Management ETF Advisors LLC raised its stake in shares of Invesco QQQ by 33.5% during the third quarter. Main Management ETF Advisors LLC now owns 731,920 shares of the exchange traded fund’s stock valued at $357,228,000 after purchasing an additional 183,550 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.1 %

QQQ opened at $526.08 on Friday. The firm’s 50 day moving average is $523.39 and its 200-day moving average is $500.70. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.