FIL Ltd increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 107.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,645 shares of the exchange traded fund's stock after purchasing an additional 112,857 shares during the period. FIL Ltd's holdings in Invesco QQQ were worth $111,267,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. SOA Wealth Advisors LLC. boosted its holdings in Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after purchasing an additional 46 shares in the last quarter. Drucker Wealth 3.0 LLC boosted its stake in Invesco QQQ by 25.7% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 533 shares of the exchange traded fund's stock valued at $260,000 after buying an additional 109 shares in the last quarter. Executive Wealth Management LLC acquired a new stake in Invesco QQQ in the 3rd quarter valued at $6,661,000. Frisch Financial Group Inc. grew its position in Invesco QQQ by 0.4% in the third quarter. Frisch Financial Group Inc. now owns 6,689 shares of the exchange traded fund's stock valued at $3,269,000 after acquiring an additional 26 shares during the period. Finally, Valued Retirements Inc. acquired a new position in Invesco QQQ during the third quarter worth $4,799,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
Shares of NASDAQ:QQQ traded up $8.22 on Friday, hitting $454.40. The stock had a trading volume of 52,407,577 shares, compared to its average volume of 36,790,843. The firm's 50 day moving average price is $490.33 and its 200-day moving average price is $502.54. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company has a market capitalization of $283.95 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date is Monday, March 24th.
About Invesco QQQ
(
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.
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