Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,374 shares of the exchange traded fund's stock after buying an additional 1,508 shares during the period. Assetmark Inc.'s holdings in Invesco QQQ were worth $14,506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of QQQ. Proficio Capital Partners LLC boosted its position in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. Artemis Wealth Advisors LLC boosted its holdings in Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after purchasing an additional 895,277 shares during the last quarter. Toronto Dominion Bank lifted its holdings 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 buying an additional 488,815 shares during the last quarter. Finally, Cibc World Market Inc. lifted its holdings in Invesco QQQ by 90.0% during the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund's stock worth $350,764,000 after buying an additional 324,948 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

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Invesco QQQ Stock Up 0.7 %

NASDAQ:QQQ traded up $3.59 during trading hours on Friday, reaching $491.79. 54,649,747 shares of the stock were exchanged, compared to its average volume of 34,845,187. The firm has a 50 day simple moving average of $518.84 and a 200-day simple moving average of $504.14. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The stock has a market capitalization of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.