Cerro Pacific Wealth Advisors LLC Has $17.38 Million Position in Invesco QQQ (NASDAQ:QQQ)

Cerro Pacific Wealth Advisors LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 13.9% during the 4th quarter, HoldingsChannel reports. The fund owned 35,610 shares of the exchange traded fund’s stock after acquiring an additional 4,349 shares during the quarter. Invesco QQQ comprises 5.8% of Cerro Pacific Wealth Advisors LLC’s investment portfolio, making the stock its largest position. Cerro Pacific Wealth Advisors LLC’s holdings in Invesco QQQ were worth $17,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. International Assets Investment Management LLC lifted its holdings in shares of Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock valued at $15,904,322,000 after purchasing an additional 32,516,210 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco QQQ by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,966,637 shares of the exchange traded fund’s stock valued at $2,379,676,000 after acquiring an additional 338,494 shares in the last quarter. Toronto Dominion Bank boosted its position in Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after acquiring an additional 488,815 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco QQQ by 1.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,199,214 shares of the exchange traded fund’s stock worth $1,532,904,000 after acquiring an additional 33,790 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp raised its holdings in shares of Invesco QQQ by 0.8% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after purchasing an additional 13,772 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $532.64 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15. The company’s fifty day simple moving average is $516.72 and its 200-day simple moving average is $492.81.

Invesco QQQ Dividend Announcement

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

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.