Invesco QQQ (NASDAQ:QQQ) Position Increased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 34.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,592 shares of the exchange traded fund's stock after purchasing an additional 3,728 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in Invesco QQQ were worth $7,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of QQQ. Proficio Capital Partners LLC increased its position in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of 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 worth $2,103,184,000 after acquiring an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC increased its position in shares of 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 worth $423,470,000 after acquiring an additional 895,277 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after acquiring an additional 488,815 shares during the period. Finally, Cibc World Market Inc. lifted its holdings in shares of 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 valued at $350,764,000 after acquiring an additional 324,948 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

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Invesco QQQ Stock Up 0.8 %

Shares of NASDAQ QQQ traded up $3.79 on Wednesday, hitting $476.49. The company had a trading volume of 17,395,941 shares, compared to its average volume of 35,084,398. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The business has a 50 day moving average of $506.34 and a two-hundred day moving average of $505.30. The firm has a market capitalization of $302.26 billion, a P/E ratio of 30.05 and a beta of 1.18.

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 paid a dividend of $0.7157 per share. The ex-dividend date 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.