Berkshire Asset Management LLC PA bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,847 shares of the exchange traded fund's stock, valued at approximately $978,000.
Several other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Invesco QQQ by 159.6% during the fourth 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 last quarter. Principal Financial Group Inc. grew its stake in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after acquiring an additional 11,351 shares in the last quarter. NRI Wealth Management LC bought a new stake in Invesco QQQ in the 4th quarter valued at $28,729,000. Garden State Investment Advisory Services LLC lifted its stake in Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after purchasing an additional 3,581 shares in the last quarter. Finally, Silverleafe Capital Partners LLC lifted its stake in Invesco QQQ by 16.8% in the 4th 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 in the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock traded up $3.59 during trading on Friday, reaching $491.79. 54,649,747 shares of the stock traded hands, compared to its average volume of 34,845,187. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The business has a fifty day simple moving average of $518.84 and a two-hundred day simple moving average of $503.99. The company has a market capitalization of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.
Invesco QQQ Announces Dividend
The company also recently declared 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.
Invesco QQQ Profile
(
Free Report)
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.
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