Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Somerset Group LLC

Somerset Group LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,996 shares of the exchange traded fund’s stock after buying an additional 286 shares during the quarter. Invesco QQQ makes up 6.5% of Somerset Group LLC’s holdings, making the stock its 3rd biggest position. Somerset Group LLC’s holdings in Invesco QQQ were worth $7,155,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Sykon Capital LLC grew its stake in Invesco QQQ by 82.1% in the 4th quarter. Sykon Capital LLC now owns 23,516 shares of the exchange traded fund’s stock valued at $12,022,000 after acquiring an additional 10,602 shares during the period. Intellus Advisors LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $62,346,000. Runnymede Capital Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $8,104,000. Millstone Evans Group LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $96,000. Finally, Mindset Wealth Management LLC raised its position in shares of Invesco QQQ by 12.3% during the 4th quarter. Mindset Wealth Management LLC now owns 1,623 shares of the exchange traded fund’s stock worth $830,000 after purchasing an additional 178 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.3 %

Shares of Invesco QQQ stock opened at $480.84 on Friday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a market capitalization of $303.05 billion, a PE ratio of 30.74 and a beta of 1.11. The firm’s 50-day moving average price is $511.30 and its 200 day moving average price is $503.85.

Invesco QQQ Announces Dividend

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