Aristides Capital LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Aristides Capital LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,610 shares of the exchange traded fund's stock after acquiring an additional 610 shares during the quarter. Invesco QQQ comprises about 0.6% of Aristides Capital LLC's portfolio, making the stock its 24th largest holding. Aristides Capital LLC's holdings in Invesco QQQ were worth $2,868,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in QQQ. GAMMA Investing LLC raised its holdings in Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock valued at $1,712,000 after buying an additional 2,059 shares during the period. Principal Financial Group Inc. grew its holdings in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after purchasing an additional 11,351 shares during the last quarter. NRI Wealth Management LC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $28,729,000. Garden State Investment Advisory Services LLC raised its holdings in shares of Invesco QQQ by 13.1% in the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after buying an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC increased its stake in Invesco QQQ by 16.8% in the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock worth $23,165,000 after purchasing an additional 6,518 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $18.95 during trading hours on Thursday, hitting $447.05. The company had a trading volume of 76,056,291 shares, compared to its average volume of 36,826,789. The firm has a market cap of $283.34 billion, a P/E ratio of 30.05 and a beta of 1.11. The company has a 50-day moving average price of $493.17 and a two-hundred day moving average price of $502.94. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.