Invesco QQQ (NASDAQ:QQQ) Holdings Lifted by CV Advisors LLC

CV Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,572 shares of the exchange traded fund's stock after purchasing an additional 2,055 shares during the quarter. Invesco QQQ accounts for approximately 4.6% of CV Advisors LLC's holdings, making the stock its 7th biggest position. 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 and other institutional investors have also recently bought and sold shares of the company. Intrepid Financial Planning Group LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $1,726,000. Envestnet Portfolio Solutions Inc. raised its position in Invesco QQQ by 17.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 49,721 shares of the exchange traded fund's stock worth $25,419,000 after acquiring an additional 7,344 shares in the last quarter. Tidemark LLC lifted its holdings in Invesco QQQ by 1.7% in the fourth quarter. Tidemark LLC now owns 4,913 shares of the exchange traded fund's stock valued at $2,512,000 after acquiring an additional 81 shares during the period. Diversified Enterprises LLC lifted its stake in shares of Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after purchasing an additional 20 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in Invesco QQQ by 8.6% during the fourth quarter. Natixis Advisors LLC now owns 29,939 shares of the exchange traded fund's stock worth $15,306,000 after buying an additional 2,368 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

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Invesco QQQ Price Performance

Shares of QQQ stock traded up $11.32 during midday trading on Friday, reaching $479.66. 43,464,229 shares of the company traded hands, compared to its average volume of 34,911,953. The firm's 50 day simple moving average is $514.89 and its two-hundred day simple moving average is $504.08. The firm has a market cap of $302.59 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.

Invesco QQQ Dividend Announcement

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