Cannon Advisors Inc. Has $10.97 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Cannon Advisors Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,451 shares of the exchange traded fund’s stock after purchasing an additional 87 shares during the period. Invesco QQQ makes up approximately 9.3% of Cannon Advisors Inc.’s investment portfolio, making the stock its biggest position. Cannon Advisors Inc.’s holdings in Invesco QQQ were worth $10,966,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new stake in Invesco QQQ in the fourth quarter worth $37,000. Hoese & Co LLP raised its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the fourth quarter valued at $51,000. Finally, Creative Capital Management Investments LLC grew its stake in shares of Invesco QQQ by 740.0% in the 4th quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 111 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.0 %

Invesco QQQ stock opened at $468.92 on Tuesday. The company’s 50-day moving average price is $507.38 and its 200-day moving average price is $505.32. The company has a market cap of $297.46 billion, a PE ratio of 30.05 and a beta of 1.18. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

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