Crescent Grove Advisors LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Crescent Grove Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,458 shares of the exchange traded fund’s stock after purchasing an additional 3,388 shares during the period. Invesco QQQ accounts for approximately 2.2% of Crescent Grove Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Crescent Grove Advisors LLC’s holdings in Invesco QQQ were worth $21,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of QQQ. International Assets Investment Management LLC increased its stake in shares of Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Toronto Dominion Bank boosted its holdings 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 worth $2,080,052,000 after buying an additional 488,815 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Invesco QQQ by 1.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock worth $1,532,904,000 after buying an additional 33,790 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its holdings in Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after acquiring an additional 13,772 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Invesco QQQ by 2.6% in the second quarter. Cetera Investment Advisers now owns 1,644,645 shares of the exchange traded fund’s stock valued at $787,966,000 after acquiring an additional 41,318 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $529.63 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The stock’s 50 day moving average is $517.86 and its 200 day moving average is $493.31.

Invesco QQQ Announces Dividend

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

Invesco QQQ Company 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.