Edgestream Partners L.P. Sells 27,873 Shares of Invesco QQQ (NASDAQ:QQQ)

Edgestream Partners L.P. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 42.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,174 shares of the exchange traded fund's stock after selling 27,873 shares during the period. Invesco QQQ makes up approximately 0.8% of Edgestream Partners L.P.'s investment portfolio, making the stock its 4th largest holding. Edgestream Partners L.P.'s holdings in Invesco QQQ were worth $19,004,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Proficio Capital Partners LLC raised its stake in shares of Invesco QQQ by 51,292.3% in 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 buying an additional 11,478,188 shares in the last quarter. Toronto Dominion Bank grew its holdings in 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 worth $2,080,052,000 after acquiring an additional 488,815 shares during the period. Strategic Financial Concepts LLC raised its position in 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. CHURCHILL MANAGEMENT Corp lifted its holdings in Invesco QQQ by 0.8% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund's stock valued at $940,676,000 after acquiring an additional 13,772 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Invesco QQQ by 3.4% during the 4th quarter. US Bancorp DE now owns 1,409,330 shares of the exchange traded fund's stock valued at $720,494,000 after purchasing an additional 46,234 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

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Invesco QQQ Price Performance

Shares of QQQ traded up $3.59 during mid-day trading on Friday, hitting $491.79. The company's stock had a trading volume of 54,649,747 shares, compared to its average volume of 34,845,187. The firm has a 50-day moving average price of $518.84 and a 200 day moving average price of $504.14. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock has a market capitalization of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The firm also recently declared 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 was Monday, December 23rd.

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.