Shelton Capital Management Has $5.01 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Shelton Capital Management raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,794 shares of the exchange traded fund's stock after purchasing an additional 1,500 shares during the period. Shelton Capital Management's holdings in Invesco QQQ were worth $5,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. lifted its holdings in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after buying an additional 46 shares during the period. Drucker Wealth 3.0 LLC lifted its stake in shares of Invesco QQQ by 25.7% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 533 shares of the exchange traded fund's stock valued at $260,000 after purchasing an additional 109 shares during the period. Executive Wealth Management LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $6,661,000. Frisch Financial Group Inc. grew its stake in Invesco QQQ by 0.4% during the third quarter. Frisch Financial Group Inc. now owns 6,689 shares of the exchange traded fund's stock worth $3,269,000 after purchasing an additional 26 shares during the period. Finally, Valued Retirements Inc. bought a new stake in Invesco QQQ in the third quarter worth approximately $4,799,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.8 %

QQQ traded up $8.22 during trading on Friday, hitting $454.40. The company's stock had a trading volume of 52,407,577 shares, compared to its average volume of 36,790,843. The firm has a market capitalization of $283.95 billion, a P/E ratio of 30.05 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The stock's fifty day moving average price is $490.33 and its 200-day moving average price is $502.54.

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 paid a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ 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.