Analyst IMS Investment Management Services Ltd. raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035,138 shares of the exchange traded fund's stock after acquiring an additional 4,682 shares during the period. Invesco QQQ accounts for approximately 19.4% of Analyst IMS Investment Management Services Ltd.'s portfolio, making the stock its 2nd largest position. Analyst IMS Investment Management Services Ltd. owned approximately 0.16% of Invesco QQQ worth $529,194,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in QQQ. PayPay Securities Corp increased its holdings in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in Invesco QQQ in the fourth quarter valued at $37,000. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock valued at $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $51,000. Finally, Legacy Bridge LLC boosted its stake in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Up 2.4 %
Shares of NASDAQ QQQ traded up $11.32 during midday trading on Friday, reaching $479.66. 43,464,229 shares of the company were exchanged, compared to its average volume of 34,911,953. The stock has a fifty day simple moving average of $514.89 and a 200 day simple moving average of $504.08. The stock has a market cap of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year 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 paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
About Invesco QQQ
(
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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