Invesco QQQ (NASDAQ:QQQ) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,377 shares of the exchange traded fund's stock after purchasing an additional 19,758 shares during the quarter. Invesco QQQ makes up about 0.6% of Orion Portfolio Solutions LLC's investment portfolio, making the stock its 27th biggest position. Orion Portfolio Solutions LLC's holdings in Invesco QQQ were worth $56,939,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Proficio Capital Partners LLC boosted its holdings in Invesco QQQ by 51,292.3% in 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 acquiring an additional 11,478,188 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock valued at $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC increased its position in 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 purchasing an additional 4,105,389 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after buying an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after buying an additional 52,235 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

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Invesco QQQ Price Performance

NASDAQ QQQ traded down $4.88 during trading hours on Monday, hitting $464.06. The company had a trading volume of 27,269,953 shares, compared to its average volume of 35,039,848. The firm's 50 day moving average is $508.43 and its 200 day moving average is $505.35. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The company has a market capitalization of $292.47 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced 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.

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.