Gemsstock Ltd. Buys 213,400 Shares of Invesco QQQ (NASDAQ:QQQ)

Gemsstock Ltd. lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 266.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 293,500 shares of the exchange traded fund's stock after purchasing an additional 213,400 shares during the quarter. Invesco QQQ comprises about 30.1% of Gemsstock Ltd.'s holdings, making the stock its biggest holding. Gemsstock Ltd.'s holdings in Invesco QQQ were worth $150,046,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its stake in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC boosted its holdings 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 valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. Artemis Wealth Advisors LLC grew its stake in Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after purchasing an additional 895,277 shares in the last quarter. Toronto Dominion Bank increased its holdings in Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Finally, Anchor Capital Management Group Inc acquired a new stake in Invesco QQQ in the 4th quarter valued at about $174,214,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

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Invesco QQQ Trading Down 3.8 %

NASDAQ:QQQ traded down $17.64 during mid-day trading on Thursday, hitting $448.36. The stock had a trading volume of 76,056,291 shares, compared to its average volume of 36,827,911. The stock has a 50-day simple moving average of $493.17 and a two-hundred day simple moving average of $502.94. The company has a market capitalization of $284.17 billion, a PE ratio of 30.05 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.