Cutter & CO Brokerage Inc. Has $2.15 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cutter & CO Brokerage Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,257 shares of the exchange traded fund’s stock after acquiring an additional 44 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Invesco QQQ were worth $2,153,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Invesco QQQ during the 4th quarter worth $167,000. Element Wealth LLC boosted its stake in Invesco QQQ by 682.8% in the fourth quarter. Element Wealth LLC now owns 2,238 shares of the exchange traded fund’s stock valued at $917,000 after buying an additional 2,622 shares in the last quarter. Masso Torrence Wealth Management Inc. boosted its stake in Invesco QQQ by 19.1% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 17,928 shares of the exchange traded fund’s stock valued at $7,342,000 after buying an additional 2,876 shares in the last quarter. Pacific Wealth Strategies Group Inc. boosted its stake in Invesco QQQ by 6.9% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 16,529 shares of the exchange traded fund’s stock valued at $6,769,000 after buying an additional 1,069 shares in the last quarter. Finally, Marks Group Wealth Management Inc boosted its stake in Invesco QQQ by 6.9% in the fourth quarter. Marks Group Wealth Management Inc now owns 1,291 shares of the exchange traded fund’s stock valued at $529,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $6.25 during mid-day trading on Tuesday, reaching $425.07. 44,085,762 shares of the stock traded hands, compared to its average volume of 46,010,473. The stock’s fifty day simple moving average is $437.27 and its two-hundred day simple moving average is $409.02. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34.

Invesco QQQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%.

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.