Free Trial

Envestnet Portfolio Solutions Inc. Acquires 7,344 Shares of Invesco QQQ (NASDAQ:QQQ)

Invesco QQQ logo with Finance background
Remove Ads

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,721 shares of the exchange traded fund's stock after buying an additional 7,344 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Invesco QQQ were worth $25,419,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQ. PayPay Securities Corp increased its position in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after acquiring an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth about $37,000. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the 4th quarter worth about $51,000. Finally, Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ opened at $479.66 on Friday. The stock's 50 day moving average price is $514.89 and its 200-day moving average price is $503.85. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The stock has a market cap of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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

Invesco QQQ Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Remove Ads

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Invesco QQQ Right Now?

Before you consider Invesco QQQ, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.

While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Institutions Are Dumping These 3 Stocks—Should You?
Will Tesla’s Robot Future Save Its Falling Stock?
NVIDIA’s Dip Is a Gift—Here’s Why It Won’t Last

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads