Sincerus Advisory LLC Acquires New Shares in Invesco QQQ

Sincerus Advisory LLC has recently acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, as stated in their latest Form 13F filing with the Securities and Exchange Commission. The company purchased 1,922 shares of this exchange-traded fund, with an approximate value of $983,000.

Changes by Other Institutional Investors

In addition to Sincerus Advisory, several other institutional investors have also adjusted their positions in Invesco QQQ. Notably, GAMMA Investing LLC increased its stake in the fund by an impressive 159.6% during the fourth quarter, bringing their total ownership to 3,349 shares, valued at $1,712,000 after purchasing an additional 2,059 shares. Principal Financial Group Inc. followed suit, boosting its holdings in QQQ by 141% during the third quarter, which now amounts to 19,399 shares worth $9,468,000 after acquiring an extra 11,351 shares in that period.

Socha Financial Group LLC also expanded its position in Invesco QQQ by 2.4% during the same third quarter, increasing its ownership to 91,650 shares valued at $44,732,000 following an additional purchase of 2,171 shares. Furthermore, NRI Wealth Management LC made a new investment in Invesco QQQ during the fourth quarter, valuing their position at $28,729,000. Lastly, Garden State Investment Advisory Services LLC raised its holdings in QQQ by 13.1% in the third quarter, now owning 30,990 shares worth $15,169,000 after buying 3,581 additional shares. Overall, institutional investors hold 44.58% of the company's stock.

Invesco QQQ Stock Performance

The NASDAQ:QQQ opened at $513.32 recently, with a 52-week low of $413.07 and a high of $540.81. The stock's fifty-day moving average stands at $522.57, while the 200-day moving average is at $502.54. The firm boasts a market capitalization of $326.50 billion, a price-to-earnings ratio of 33.43, and a beta of 1.09.

Invesco QQQ Dividend Announcement

Recently, Invesco QQQ announced a dividend that was paid on December 31st. Shareholders who were on record as of December 23rd received a dividend of $0.8347, with the ex-dividend date set for December 23rd.

Company Profile of Invesco QQQ

The PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The investment objective of the Trust is to provide investment results that correspond to the price and yield performance of the Nasdaq-100 Index. This allows investors to buy units representing proportionate undivided interests in the portfolio held by the Trust, which comprises nearly all the securities in the Nasdaq-100 Index.

Conclusion

With institutional investments pouring into Invesco QQQ, it's clear that there is substantial interest in this ETF. As investors keep a close eye on its performance, the company’s efforts, such as dividends and stock holdings, are worth monitoring for those interested in the stock market.

Investment, ETF, Finance