CV Advisors LLC Has $13.56 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

CV Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,572 shares of the exchange traded fund's stock after buying an additional 2,055 shares during the period. Invesco QQQ accounts for 4.6% of CV Advisors LLC's holdings, making the stock its 7th biggest holding. CV Advisors LLC's holdings in Invesco QQQ were worth $13,556,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC grew its holdings in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after buying an additional 11,478,188 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Invesco QQQ by 47,853.9% during 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 buying an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after buying an additional 27,115 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after buying an additional 52,235 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $479.66 on Friday. The stock has a market capitalization of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11. The company has a 50-day moving average price of $514.89 and a 200-day moving average price of $503.85. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Announces Dividend

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

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.

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