Cerity Partners LLC Has $348.62 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Cerity Partners LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 681,967 shares of the exchange traded fund’s stock after selling 192 shares during the quarter. Invesco QQQ accounts for approximately 0.8% of Cerity Partners LLC’s investment portfolio, making the stock its 23rd biggest position. Cerity Partners LLC owned about 0.11% of Invesco QQQ worth $348,617,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. PayPay Securities Corp raised its stake in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new position in Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP raised its position in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter worth about $51,000. Finally, Perritt Capital Management Inc bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $61,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $422.67 on Monday. Invesco QQQ has a fifty-two week low of $412.04 and a fifty-two week high of $540.81. The company has a 50 day simple moving average of $501.45 and a two-hundred day simple moving average of $504.81. The company has a market capitalization of $267.89 billion, a PE ratio of 30.05 and a beta of 1.11.

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 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.