Sassicaia Capital Advisers LLC Purchases 4,300 Shares of Invesco QQQ (NASDAQ:QQQ)

Sassicaia Capital Advisers LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 330.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,600 shares of the exchange traded fund’s stock after acquiring an additional 4,300 shares during the period. Invesco QQQ makes up approximately 69.2% of Sassicaia Capital Advisers LLC’s holdings, making the stock its largest holding. Sassicaia Capital Advisers LLC’s holdings in Invesco QQQ were worth $2,863,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. PayPay Securities Corp raised its position in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $35,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $37,000. Hoese & Co LLP lifted its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares during the period. Finally, Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $472.56 on Friday. The business’s fifty day moving average price is $474.40 and its two-hundred day moving average price is $500.03. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The stock has a market capitalization of $302.39 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

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.