Cottage Street Advisors LLC Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Cottage Street Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 101.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,256 shares of the exchange traded fund’s stock after buying an additional 9,710 shares during the period. Invesco QQQ makes up 4.3% of Cottage Street Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Cottage Street Advisors LLC’s holdings in Invesco QQQ were worth $9,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tallon Kerry Patrick acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $4,904,000. Naviter Wealth LLC raised its position in shares of Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock worth $675,000 after purchasing an additional 107 shares during the period. Eagle Capital Management LLC raised its position in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after purchasing an additional 185 shares during the period. Brighton Jones LLC raised its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $14,209,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $526.83 on Friday. The business has a fifty day simple moving average of $500.57 and a 200 day simple moving average of $503.42. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Company Profile

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.