Invesco QQQ (NASDAQ:QQQ) is Arete Wealth Advisors LLC's 4th Largest Position

Arete Wealth Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,465 shares of the exchange traded fund's stock after purchasing an additional 5,927 shares during the period. Invesco QQQ makes up approximately 2.6% of Arete Wealth Advisors LLC's investment portfolio, making the stock its 4th largest holding. Arete Wealth Advisors LLC's holdings in Invesco QQQ were worth $35,544,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Stephens Consulting LLC grew its stake in Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after purchasing an additional 19 shares during the period. Cardinal Point Capital Management ULC boosted its holdings in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock worth $1,995,000 after buying an additional 20 shares in the last quarter. Hoese & Co LLP boosted its holdings 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 in the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after buying an additional 20 shares during the period. Finally, RAM Investment Partners LLC grew its holdings in Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors.

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Invesco QQQ Trading Down 6.2 %

Invesco QQQ stock traded down $27.99 during midday trading on Friday, reaching $422.67. The stock had a trading volume of 116,767,600 shares, compared to its average volume of 35,618,110. The company has a fifty day moving average price of $503.59 and a two-hundred day moving average price of $504.72. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company has a market capitalization of $268.12 billion, a P/E ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend 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.