Barings LLC Purchases 5,000 Shares of Invesco QQQ (NASDAQ:QQQ)

Barings LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 892,807 shares of the exchange traded fund's stock after purchasing an additional 5,000 shares during the period. Invesco QQQ accounts for about 10.8% of Barings LLC's investment portfolio, making the stock its 2nd biggest position. Barings LLC owned approximately 0.14% of Invesco QQQ worth $456,430,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock valued at $1,712,000 after purchasing an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its holdings in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after buying an additional 11,351 shares during the period. NRI Wealth Management LC purchased a new stake in Invesco QQQ during the fourth quarter worth $28,729,000. Garden State Investment Advisory Services LLC lifted its holdings in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after buying an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC lifted its holdings in Invesco QQQ by 16.8% during the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock worth $23,165,000 after buying an additional 6,518 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

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Invesco QQQ Stock Performance

Invesco QQQ stock traded up $3.59 during mid-day trading on Friday, reaching $491.79. 54,649,747 shares of the company were exchanged, compared to its average volume of 34,845,187. The business has a fifty day moving average of $518.84 and a 200 day moving average of $504.14. The firm has a market cap of $309.95 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.