Pine Ridge Advisers LLC Has $72.24 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Pine Ridge Advisers LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,297 shares of the exchange traded fund’s stock after acquiring an additional 11,693 shares during the quarter. Invesco QQQ makes up 6.4% of Pine Ridge Advisers LLC’s portfolio, making the stock its 5th biggest holding. Pine Ridge Advisers LLC’s holdings in Invesco QQQ were worth $72,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. GAMMA Investing LLC increased its position in Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. grew its stake 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 period. NRI Wealth Management LC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $28,729,000. Garden State Investment Advisory Services LLC raised its stake in Invesco QQQ by 13.1% during 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 acquiring an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC lifted its holdings 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. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $467.35 on Friday. The stock has a market cap of $299.06 billion, a PE ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm has a fifty day moving average price of $475.73 and a 200-day moving average price of $500.14.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.