Tufton Capital Management Acquires Shares of 407 Invesco QQQ (NASDAQ:QQQ)

Tufton Capital Management acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 407 shares of the exchange traded fund’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. raised its stake in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC grew its holdings in shares of Invesco QQQ by 13.6% during the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after purchasing an additional 1,854 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 4.0% during the third quarter. JFS Wealth Advisors LLC now owns 8,419 shares of the exchange traded fund’s stock valued at $4,109,000 after purchasing an additional 325 shares during the last quarter. Fiducient Advisors LLC bought a new position in shares of Invesco QQQ during the third quarter valued at approximately $286,000. Finally, Cornerstone Wealth Group LLC grew its holdings in shares of Invesco QQQ by 7.6% during the third quarter. Cornerstone Wealth Group LLC now owns 4,267 shares of the exchange traded fund’s stock valued at $2,083,000 after purchasing an additional 303 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.8 %

NASDAQ:QQQ opened at $500.27 on Friday. The firm has a market capitalization of $315.30 billion, a PE ratio of 33.43 and a beta of 1.11. The stock has a 50 day moving average of $522.25 and a 200-day moving average of $502.61. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Announces Dividend

The business also recently announced 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 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.