Clare Market Investments LLC Purchases Shares of 15,838 Invesco QQQ (NASDAQ:QQQ)

Clare Market Investments LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,838 shares of the exchange traded fund’s stock, valued at approximately $8,097,000. Invesco QQQ accounts for about 1.9% of Clare Market Investments LLC’s holdings, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. GAMMA Investing LLC grew its holdings in shares of Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 2,059 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. NRI Wealth Management LC bought a new stake in shares of Invesco QQQ in the 4th quarter worth about $28,729,000. Garden State Investment Advisory Services LLC grew its holdings in shares of Invesco QQQ by 13.1% in the 3rd 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 grew its holdings in shares of Invesco QQQ by 16.8% in the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after purchasing an additional 6,518 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ:QQQ opened at $491.79 on Monday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company’s 50-day moving average price is $518.84 and its two-hundred day moving average price is $504.14. The firm has a market cap of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders 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.