Capital Analysts LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,983 shares of the exchange traded fund's stock after purchasing an additional 1,366 shares during the quarter. Capital Analysts LLC's holdings in Invesco QQQ were worth $4,081,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sassicaia Capital Advisers LLC raised its position in shares of Invesco QQQ by 330.8% in the fourth quarter. Sassicaia Capital Advisers LLC now owns 5,600 shares of the exchange traded fund's stock worth $2,863,000 after buying an additional 4,300 shares in the last quarter. Three Seasons Wealth LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at about $3,615,000. Kovitz Investment Group Partners LLC boosted its position in shares of Invesco QQQ by 31.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 65,304 shares of the exchange traded fund's stock valued at $33,386,000 after acquiring an additional 15,794 shares during the last quarter. Topsail Wealth Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $1,346,000. Finally, Pine Ridge Advisers LLC grew its holdings in shares of Invesco QQQ by 9.0% during the fourth quarter. Pine Ridge Advisers LLC now owns 141,297 shares of the exchange traded fund's stock worth $72,235,000 after purchasing an additional 11,693 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Performance
QQQ traded down $0.15 on Monday, reaching $472.41. The company had a trading volume of 33,277,096 shares, compared to its average volume of 36,449,712. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The company has a market cap of $299.34 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The business has a 50 day simple moving average of $474.40 and a 200 day simple moving average of $500.13.
Invesco QQQ Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.
Invesco QQQ Company Profile
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Free Report)
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.
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