Cypress Capital Group Sells 1,678 Shares of Invesco QQQ (NASDAQ:QQQ)

Cypress Capital Group decreased its position in Invesco QQQ (NASDAQ:QQQ) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,700 shares of the exchange traded fund’s stock after selling 1,678 shares during the quarter. Invesco QQQ comprises 1.4% of Cypress Capital Group’s investment portfolio, making the stock its 18th largest holding. Cypress Capital Group’s holdings in Invesco QQQ were worth $11,094,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares in the last quarter. Roxbury Financial LLC bought a new stake in Invesco QQQ during the fourth quarter worth approximately $37,000. Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% during the fourth 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 period. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the fourth quarter worth approximately $51,000. Finally, Legacy Bridge LLC boosted its position in Invesco QQQ by 60.0% during 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 during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3 %

Shares of Invesco QQQ stock opened at $495.55 on Wednesday. The stock has a market capitalization of $312.32 billion, a P/E ratio of 33.43 and a beta of 1.11. The stock has a 50 day moving average price of $520.84 and a two-hundred day moving average price of $503.87. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date 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.