Insigneo Advisory Services LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Insigneo Advisory Services LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,577 shares of the exchange traded fund's stock after purchasing an additional 2,430 shares during the period. Invesco QQQ makes up 1.7% of Insigneo Advisory Services LLC's investment portfolio, making the stock its 10th biggest holding. Insigneo Advisory Services LLC's holdings in Invesco QQQ were worth $16,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC lifted its position in shares of Invesco QQQ by 51,292.3% during 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 in the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC lifted its position in shares of 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 buying an additional 895,277 shares in the last quarter. Anchor Capital Management Group Inc purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $174,214,000. Finally, Cibc World Market Inc. grew its holdings in shares of Invesco QQQ by 90.0% in the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund's stock valued at $350,764,000 after acquiring an additional 324,948 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.1 %

Invesco QQQ stock traded down $0.36 during mid-day trading on Friday, reaching $443.82. 44,745,116 shares of the company's stock were exchanged, compared to its average volume of 36,476,157. The firm has a market capitalization of $284.56 billion, a PE ratio of 30.05 and a beta of 1.11. The business's fifty day simple moving average is $482.54 and its 200 day simple moving average is $501.19. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.