Invesco QQQ (NASDAQ:QQQ) is Integrated Wealth Concepts LLC's 10th Largest Position

Integrated Wealth Concepts LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,877 shares of the exchange traded fund's stock after acquiring an additional 34,273 shares during the quarter. Invesco QQQ comprises about 1.3% of Integrated Wealth Concepts LLC's investment portfolio, making the stock its 10th biggest position. Integrated Wealth Concepts LLC's holdings in Invesco QQQ were worth $110,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. PayPay Securities Corp raised its position in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares during the period. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $35,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $37,000. Hoese & Co LLP lifted its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after acquiring an additional 20 shares during the last quarter. Finally, Midwest Capital Advisors LLC purchased a new position in Invesco QQQ during the 4th quarter valued at $51,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 2.4 %

QQQ stock opened at $455.23 on Thursday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a market cap of $291.30 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The business's fifty day simple moving average is $477.15 and its two-hundred day simple moving average is $500.25.

Invesco QQQ Cuts Dividend

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

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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.