Cvfg LLC Makes New $2.13 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Cvfg LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,164 shares of the exchange traded fund’s stock, valued at approximately $2,129,000. Invesco QQQ makes up approximately 1.9% of Cvfg LLC’s investment portfolio, making the stock its 17th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Constitution Capital LLC lifted its holdings in Invesco QQQ by 5.3% in the 4th quarter. Constitution Capital LLC now owns 534 shares of the exchange traded fund’s stock worth $273,000 after purchasing an additional 27 shares in the last quarter. Client First Capital LLC raised its position in shares of Invesco QQQ by 24.3% during the fourth quarter. Client First Capital LLC now owns 75,929 shares of the exchange traded fund’s stock valued at $38,817,000 after buying an additional 14,830 shares during the last quarter. Certified Advisory Corp raised its position in shares of Invesco QQQ by 1.6% during the fourth quarter. Certified Advisory Corp now owns 54,103 shares of the exchange traded fund’s stock valued at $27,659,000 after buying an additional 878 shares during the last quarter. Harbor Group Inc. lifted its holdings in shares of Invesco QQQ by 1.5% in the fourth quarter. Harbor Group Inc. now owns 1,914 shares of the exchange traded fund’s stock worth $979,000 after buying an additional 28 shares in the last quarter. Finally, Cypress Wealth Services LLC boosted its position in shares of Invesco QQQ by 1.3% during the fourth quarter. Cypress Wealth Services LLC now owns 5,428 shares of the exchange traded fund’s stock worth $2,775,000 after acquiring an additional 72 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.7 %

Shares of QQQ stock opened at $521.74 on Friday. Invesco QQQ has a 12-month low of $409.16 and a 12-month high of $539.15. The stock’s 50-day moving average price is $515.79 and its 200-day moving average price is $491.80.

Invesco QQQ Dividend Announcement

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