Edmond DE Rothschild Holding S.A. Has $70.95 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Edmond DE Rothschild Holding S.A. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 138,778 shares of the exchange traded fund's stock after selling 8,126 shares during the period. Invesco QQQ accounts for about 1.2% of Edmond DE Rothschild Holding S.A.'s portfolio, making the stock its 18th largest holding. Edmond DE Rothschild Holding S.A.'s holdings in Invesco QQQ were worth $70,947,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC lifted its holdings in shares of 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 worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Invesco QQQ by 47,853.9% in the fourth 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 buying an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after buying an additional 895,277 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 acquiring an additional 488,815 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in Invesco QQQ by 90.0% during the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund's stock worth $350,764,000 after acquiring an additional 324,948 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

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Invesco QQQ Stock Down 3.9 %

Invesco QQQ stock traded down $18.52 during trading hours on Thursday, hitting $457.63. The stock had a trading volume of 37,968,429 shares, compared to its average volume of 35,196,219. The stock has a market cap of $290.30 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. The business's 50 day simple moving average is $505.23 and its 200-day simple moving average is $505.09. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

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 given 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.