Ashton Thomas Private Wealth LLC Has $18.41 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Ashton Thomas Private Wealth LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,011 shares of the exchange traded fund's stock after purchasing an additional 1,454 shares during the quarter. Invesco QQQ comprises about 0.7% of Ashton Thomas Private Wealth LLC's portfolio, making the stock its 26th biggest holding. Ashton Thomas Private Wealth LLC's holdings in Invesco QQQ were worth $18,410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC boosted its stake in Invesco QQQ by 51,292.3% in the 4th 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 purchasing an additional 11,478,188 shares during the period. Toronto Dominion Bank lifted its position in shares of Invesco QQQ by 13.0% during 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 acquiring an additional 488,815 shares during the period. Strategic Financial Concepts LLC lifted its position in shares of 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 valued at $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. CHURCHILL MANAGEMENT Corp lifted its position in shares of Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund's stock valued at $940,676,000 after acquiring an additional 13,772 shares during the period. Finally, US Bancorp DE lifted its position in shares of Invesco QQQ by 3.4% during the 4th quarter. US Bancorp DE now owns 1,409,330 shares of the exchange traded fund's stock valued at $720,494,000 after acquiring an additional 46,234 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

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Invesco QQQ Stock Up 0.7 %

Shares of NASDAQ:QQQ traded up $3.59 during trading on Friday, reaching $491.79. 54,649,747 shares of the company traded hands, compared to its average volume of 34,845,187. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm has a market capitalization of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11. The company's 50 day moving average is $518.84 and its two-hundred day moving average is $504.14.

Invesco QQQ Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend 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.