Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Mosaic Financial Group LLC

Mosaic Financial Group LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,790 shares of the exchange traded fund’s stock after buying an additional 36 shares during the quarter. Invesco QQQ comprises 1.4% of Mosaic Financial Group LLC’s investment portfolio, making the stock its 15th largest holding. Mosaic Financial Group LLC’s holdings in Invesco QQQ were worth $1,938,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new position in Invesco QQQ during the fourth quarter valued at about $37,000. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $51,000. Finally, Creative Capital Management Investments LLC increased its holdings in shares of Invesco QQQ by 740.0% during the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $468.92 on Tuesday. The company has a market capitalization of $297.46 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. The stock’s 50 day simple moving average is $507.38 and its 200 day simple moving average is $505.32. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed 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 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.