Mesirow Financial Investment Management Inc. Acquires 1,657 Shares of Invesco QQQ (NASDAQ:QQQ)

Mesirow Financial Investment Management Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 6.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,677 shares of the exchange traded fund’s stock after purchasing an additional 1,657 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Invesco QQQ were worth $14,661,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after buying an additional 2,059 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares during the last quarter. NRI Wealth Management LC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $28,729,000. Garden State Investment Advisory Services LLC increased its position in Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after purchasing an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC raised its stake in Invesco QQQ by 16.8% during the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock valued at $23,165,000 after purchasing an additional 6,518 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 2.8 %

QQQ stock opened at $488.20 on Friday. The company has a fifty day simple moving average of $519.46 and a two-hundred day simple moving average of $503.75. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm has a market capitalization of $307.69 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.8347 dividend. 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.