Cape Investment Advisory Inc. Has $1.66 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Cape Investment Advisory Inc. cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,237 shares of the exchange traded fund’s stock after selling 29 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Invesco QQQ were worth $1,655,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Stephens Consulting LLC increased its holdings in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after purchasing an additional 19 shares in the last quarter. Northeast Investment Management boosted its position in shares of Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after buying an additional 20 shares during the last quarter. Planning Capital Management Corp boosted its position in shares of Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 20 shares during the last quarter. Cardinal Point Capital Management ULC grew its holdings in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after buying an additional 20 shares in the last quarter. Finally, Hoese & Co LLP raised its position in Invesco QQQ by 32.3% in the 4th 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 during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $508.30 on Friday. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company has a market capitalization of $320.36 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. The firm’s fifty day moving average price is $522.05 and its two-hundred day moving average price is $503.28.

Invesco QQQ Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. 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.