119 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Perritt Capital Management Inc

Perritt Capital Management Inc acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 119 shares of the exchange traded fund’s stock, valued at approximately $61,000.

A number of other hedge funds also recently added to or reduced their stakes in QQQ. GAMMA Investing LLC lifted its holdings in shares of Invesco QQQ by 159.6% during the fourth 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 period. Principal Financial Group Inc. lifted its stake 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 acquiring an additional 11,351 shares during the period. NRI Wealth Management LC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $28,729,000. Garden State Investment Advisory Services LLC increased its stake in shares of Invesco QQQ by 13.1% during the third 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 increased its stake in shares of 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 worth $23,165,000 after acquiring an additional 6,518 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.8 %

Shares of NASDAQ:QQQ opened at $472.70 on Wednesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The company has a 50-day moving average price of $506.34 and a 200 day moving average price of $505.30. The company has a market cap of $299.86 billion, a P/E ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.