Garrison Point Advisors LLC Buys 832 Shares of Invesco QQQ (NASDAQ:QQQ)

Garrison Point Advisors LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 182.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,287 shares of the exchange traded fund’s stock after acquiring an additional 832 shares during the quarter. Garrison Point Advisors LLC’s holdings in Invesco QQQ were worth $658,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Stephens Consulting LLC grew its position in Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after acquiring an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC grew its holdings in shares of Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares during the last quarter. Hoese & Co LLP increased its stake in shares of Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 20 shares during the last quarter. Finally, RAM Investment Partners LLC lifted its position in Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after buying an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 6.2 %

Shares of NASDAQ:QQQ opened at $422.67 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The firm has a market cap of $268.12 billion, a P/E ratio of 30.05 and a beta of 1.18. The company’s 50-day moving average price is $501.45 and its two-hundred day moving average price is $504.58.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

About Invesco QQQ

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.