Kovitz Investment Group Partners LLC Buys 15,794 Shares of Invesco QQQ (NASDAQ:QQQ)

Kovitz Investment Group Partners LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,304 shares of the exchange traded fund’s stock after buying an additional 15,794 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Invesco QQQ were worth $33,386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Topsail Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $1,346,000. Pine Ridge Advisers LLC lifted its position in Invesco QQQ by 9.0% during the fourth quarter. Pine Ridge Advisers LLC now owns 141,297 shares of the exchange traded fund’s stock valued at $72,235,000 after buying an additional 11,693 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Invesco QQQ by 18.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 215,877 shares of the exchange traded fund’s stock valued at $110,363,000 after buying an additional 34,273 shares in the last quarter. Burling Wealth Partners LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $258,000. Finally, Evercore Wealth Management LLC increased its stake in shares of Invesco QQQ by 3.3% in the 4th quarter. Evercore Wealth Management LLC now owns 10,470 shares of the exchange traded fund’s stock worth $5,353,000 after acquiring an additional 335 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $472.56 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company’s 50-day simple moving average is $474.40 and its 200 day simple moving average is $500.03. The firm has a market capitalization of $302.39 billion, a P/E ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.