Cvfg LLC Makes New $2.13 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Cvfg LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,164 shares of the exchange traded fund’s stock, valued at approximately $2,129,000. Invesco QQQ comprises about 1.9% of Cvfg LLC’s holdings, making the stock its 17th biggest position.

Several other hedge funds also recently bought and sold shares of the business. Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas bought a new stake in shares of Invesco QQQ in the third quarter valued at about $62,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Invesco QQQ by 75.9% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 63 shares in the last quarter. Pacifica Partners Inc. purchased a new stake in Invesco QQQ in the fourth quarter worth about $73,000. Finally, Providence Capital Advisors LLC bought a new position in Invesco QQQ during the 2nd quarter worth about $76,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $521.74 on Friday. The company’s 50-day simple moving average is $515.79 and its two-hundred day simple moving average is $491.80. Invesco QQQ has a one year low of $409.16 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.