Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Elevation Capital Advisory LLC

Elevation Capital Advisory LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 149.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,455 shares of the exchange traded fund's stock after acquiring an additional 18,262 shares during the period. Invesco QQQ makes up approximately 6.7% of Elevation Capital Advisory LLC's portfolio, making the stock its 3rd biggest holding. Elevation Capital Advisory LLC's holdings in Invesco QQQ were worth $15,570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. GAMMA Investing LLC boosted its position in Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. boosted its position 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 worth $9,468,000 after purchasing an additional 11,351 shares in the last quarter. NRI Wealth Management LC purchased a new stake in Invesco QQQ during the fourth quarter worth $28,729,000. Garden State Investment Advisory Services LLC boosted its position in Invesco QQQ by 13.1% during the third 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 boosted its position in Invesco QQQ by 16.8% during the fourth 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 and hedge funds own 44.58% of the company's stock.

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Invesco QQQ Trading Up 0.7 %

Shares of NASDAQ:QQQ traded up $3.59 on Friday, hitting $491.79. The company had a trading volume of 54,649,747 shares, 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 50 day moving average of $518.84 and a 200 day moving average of $504.14. The company has a market cap of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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

About Invesco QQQ

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.