Cane Capital Partners LLC Invests $715,000 in Invesco QQQ $QQQ

Cane Capital Partners LLC acquired a new position in Invesco QQQ (NASDAQ:QQQFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,164 shares of the exchange traded fund’s stock, valued at approximately $715,000.

Several other institutional investors have also recently modified their holdings of the company. Brooklyn FI LLC raised its stake in shares of Invesco QQQ by 4.3% in the fourth quarter. Brooklyn FI LLC now owns 771 shares of the exchange traded fund’s stock worth $474,000 after purchasing an additional 32 shares during the last quarter. Ethos Capital Management Inc. purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $224,000. MBL Wealth LLC raised its stake in shares of Invesco QQQ by 16.2% in the fourth quarter. MBL Wealth LLC now owns 1,241 shares of the exchange traded fund’s stock worth $762,000 after purchasing an additional 173 shares during the last quarter. Mayport LLC raised its stake in shares of Invesco QQQ by 471.5% in the fourth quarter. Mayport LLC now owns 2,086 shares of the exchange traded fund’s stock worth $1,281,000 after purchasing an additional 1,721 shares during the last quarter. Finally, WealthBridge Capital Management LLC raised its position in Invesco QQQ by 11.4% during the fourth quarter. WealthBridge Capital Management LLC now owns 29,755 shares of the exchange traded fund’s stock valued at $18,279,000 after acquiring an additional 3,040 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

More Invesco QQQ News

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Invesco QQQ Trading Up 3.0%

Shares of QQQ stock opened at $606.09 on Thursday. The stock has a 50 day moving average of $599.95 and a 200 day moving average of $609.28. Invesco QQQ has a twelve month low of $415.43 and a twelve month high of $637.01.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Invesco QQQ Profile

(Free Report)

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.

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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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