Invesco QQQ (NASDAQ:QQQ) is Transamerica Financial Advisors Inc.'s 3rd Largest Position

Transamerica Financial Advisors Inc. increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,754 shares of the exchange traded fund's stock after purchasing an additional 2,242 shares during the period. Invesco QQQ accounts for 3.1% of Transamerica Financial Advisors Inc.'s portfolio, making the stock its 3rd biggest position. Transamerica Financial Advisors Inc.'s holdings in Invesco QQQ were worth $31,059,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Intrust Bank NA grew its holdings in Invesco QQQ by 1.6% in the fourth quarter. Intrust Bank NA now owns 30,111 shares of the exchange traded fund's stock worth $15,394,000 after purchasing an additional 487 shares during the period. Maridea Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $19,523,000. Brown Brothers Harriman & Co. increased its position in Invesco QQQ by 34.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 14,592 shares of the exchange traded fund's stock valued at $7,460,000 after buying an additional 3,728 shares in the last quarter. RiverFront Investment Group LLC increased its position in Invesco QQQ by 9.4% during the 4th quarter. RiverFront Investment Group LLC now owns 166,784 shares of the exchange traded fund's stock valued at $85,265,000 after buying an additional 14,377 shares in the last quarter. Finally, Pamplona Capital Management LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $1,168,000. Institutional investors own 44.58% of the company's stock.

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Invesco QQQ Stock Up 0.1 %

Shares of NASDAQ QQQ traded up $0.59 during trading on Monday, reaching $469.53. The company had a trading volume of 42,704,074 shares, compared to its average volume of 35,115,657. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The business's 50-day moving average is $508.43 and its 200 day moving average is $505.35. The stock has a market cap of $295.92 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors 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 Company 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.