Cynosure Group LLC Reduces Position in Invesco QQQ $QQQ

Cynosure Group LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 71.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,065 shares of the exchange traded fund’s stock after selling 32,352 shares during the period. Invesco QQQ accounts for 0.4% of Cynosure Group LLC’s investment portfolio, making the stock its 23rd biggest position. Cynosure Group LLC’s holdings in Invesco QQQ were worth $8,026,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Goodman Advisory Group LLC acquired a new stake in shares of Invesco QQQ during the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $744.00 on Tuesday. The firm has a 50 day simple moving average of $684.09 and a 200-day simple moving average of $636.34. Invesco QQQ has a 1-year low of $523.65 and a 1-year high of $748.65.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.4%.

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.