AssuredPartners Investment Advisors LLC Purchases New Position in Invesco QQQ (NASDAQ:QQQ)

AssuredPartners Investment Advisors LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 1,162 shares of the exchange traded fund's stock, valued at approximately $594,000.

A number of other large investors have also recently modified their holdings of QQQ. SOA Wealth Advisors LLC. grew its stake in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after purchasing an additional 46 shares during the period. FMR LLC lifted its position in Invesco QQQ by 1.7% during the 3rd quarter. FMR LLC now owns 778,065 shares of the exchange traded fund's stock valued at $379,751,000 after acquiring an additional 13,338 shares during the period. Glenmede Trust Co. NA boosted its stake in Invesco QQQ by 13.7% during the third quarter. Glenmede Trust Co. NA now owns 29,459 shares of the exchange traded fund's stock worth $14,378,000 after acquiring an additional 3,553 shares in the last quarter. BNP Paribas purchased a new stake in Invesco QQQ in the third quarter worth about $62,000. Finally, Fiduciary Trust Co increased its stake in shares of Invesco QQQ by 4.4% during the third quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund's stock valued at $2,688,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded down $6.03 during mid-day trading on Monday, reaching $462.91. The company had a trading volume of 20,530,537 shares, compared to its average volume of 35,017,438. The firm has a 50-day moving average price of $508.43 and a 200 day moving average price of $505.35. The company has a market capitalization of $291.75 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

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Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.