Prosperity Consulting Group LLC Purchases 58 Shares of Invesco QQQ (NASDAQ:QQQ)

Prosperity Consulting Group LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 11,777 shares of the exchange traded fund’s stock after buying an additional 58 shares during the period. Prosperity Consulting Group LLC’s holdings in Invesco QQQ were worth $6,021,000 as of its most recent filing with the SEC.

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

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $472.56 on Friday. The stock has a market cap of $302.39 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The stock has a 50 day moving average price of $474.40 and a 200-day moving average price of $500.03. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. 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.