Sincerus Advisory LLC Invests in Invesco QQQ

Sincerus Advisory LLC has made a new investment in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter. According to their latest Form 13F filing with the Securities and Exchange Commission, the company acquired 1,922 shares of the well-known exchange-traded fund (ETF), with a total estimated value of about $983,000.

In addition to Sincerus Advisory, several other institutional investors have recently adjusted their positions in Invesco QQQ. For instance, GAMMA Investing LLC increased its stake by an impressive 159.6% during the same quarter, bringing its total holdings to 3,349 shares valued at $1,712,000 after acquiring an extra 2,059 shares.

Principal Financial Group Inc. also expanded its investment, boosting its stake in Invesco QQQ by 141.0% in the third quarter. They now possess 19,399 shares worth $9,468,000, following the purchase of an additional 11,351 shares in that time frame. Similarly, Socha Financial Group LLC grew its position by 2.4%, now holding 91,650 shares valued at $44,732,000 after another 2,171 shares were bought.

Moreover, NRI Wealth Management LC reported a new investment in Invesco QQQ worth around $28,729,000 during the fourth quarter. Garden State Investment Advisory Services LLC has also increased its holdings by 13.1% in the third quarter, now owning 30,990 shares valued at $15,169,000 after buying an additional 3,581 shares. Collectively, hedge funds and other institutional investors now control about 44.58% of the company's stock.

Invesco QQQ Stock Details

On Wednesday, NASDAQ:QQQ opened at $513.32. Over the past year, the stock has reached a low of $413.07 and a high of $540.81. Currently, the 50-day moving average of the stock is at $522.57, while the 200-day moving average is $502.54. The market capitalization stands at $326.50 billion, with a price-to-earnings ratio of 33.43 and a beta of 1.09.

Dividend Information

Invesco QQQ recently declared a dividend that was paid out on Tuesday, December 31. Shareholders on record as of Monday, December 23, received a dividend payment of $0.8347. The ex-dividend date for this distribution was also on December 23.

About Invesco QQQ

The PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The Trust aims to provide investment results that correspond to the price and yield performance of the Nasdaq-100 Index. It allows investors to acquire units that represent a proportionate interest in the securities held within the Trust, which closely follows the component securities of the Nasdaq-100 Index.

Investment, ETFs, Finance