Crestwood Advisors Group LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Crestwood Advisors Group LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,382 shares of the exchange traded fund’s stock after acquiring an additional 1,240 shares during the period. Crestwood Advisors Group LLC’s holdings in Invesco QQQ were worth $11,954,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in QQQ. PayPay Securities Corp grew its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $37,000. Hoese & Co LLP raised its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $51,000. Finally, Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $526.08 on Monday. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock’s fifty day moving average is $523.39 and its two-hundred day moving average is $501.59.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.