Cullinan Associates Inc. Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cullinan Associates Inc. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 40.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,043 shares of the exchange traded fund’s stock after purchasing an additional 303 shares during the quarter. Cullinan Associates Inc.’s holdings in Invesco QQQ were worth $533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC raised its stake in Invesco QQQ by 46,491.6% in the 3rd quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares during the last quarter. Toronto Dominion Bank raised its stake in Invesco QQQ by 13.0% in the 3rd 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 last quarter. Cibc World Market Inc. raised its stake in Invesco QQQ by 90.0% in the 4th 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 last quarter. Empirical Asset Management LLC raised its stake in Invesco QQQ by 15,676.3% in the 4th 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 last quarter. Finally, Main Management ETF Advisors LLC raised its stake in Invesco QQQ by 33.5% in the 3rd 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 last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $524.47 on Wednesday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $539.15. The firm has a 50-day moving average price of $519.78 and a 200 day moving average price of $494.47.

Invesco QQQ Dividend Announcement

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