Guggenheim Capital LLC Purchases 3,149 Shares of Invesco QQQ (NASDAQ:QQQ)

Guggenheim Capital LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 119.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,778 shares of the exchange traded fund's stock after purchasing an additional 3,149 shares during the period. Guggenheim Capital LLC's holdings in Invesco QQQ were worth $2,954,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of QQQ. Dagco Inc. boosted its stake in shares of Invesco QQQ by 42.2% in the 4th quarter. Dagco Inc. now owns 1,253 shares of the exchange traded fund's stock valued at $641,000 after purchasing an additional 372 shares during the last quarter. LaSalle St. Investment Advisors LLC lifted its holdings in Invesco QQQ by 10.9% in the fourth quarter. LaSalle St. Investment Advisors LLC now owns 4,270 shares of the exchange traded fund's stock valued at $2,182,000 after buying an additional 421 shares during the period. XTX Topco Ltd boosted its stake in Invesco QQQ by 106.3% in the fourth quarter. XTX Topco Ltd now owns 6,038 shares of the exchange traded fund's stock valued at $3,087,000 after acquiring an additional 3,111 shares during the last quarter. Madden Advisory Services Inc. grew its holdings in Invesco QQQ by 15.1% during the 4th quarter. Madden Advisory Services Inc. now owns 2,862 shares of the exchange traded fund's stock worth $1,463,000 after acquiring an additional 375 shares during the period. Finally, CreativeOne Wealth LLC raised its position in shares of Invesco QQQ by 8.5% during the 4th quarter. CreativeOne Wealth LLC now owns 64,467 shares of the exchange traded fund's stock valued at $32,958,000 after acquiring an additional 5,051 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 3.8 %

Shares of NASDAQ:QQQ traded up $16.69 during midday trading on Wednesday, hitting $461.17. The company had a trading volume of 22,767,939 shares, compared to its average volume of 36,474,662. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The firm has a fifty day simple moving average of $478.81 and a 200 day simple moving average of $500.56. The stock has a market cap of $295.10 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date 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.