Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Regal Investment Advisors LLC

Regal Investment Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,741 shares of the exchange traded fund's stock after buying an additional 1,378 shares during the period. Invesco QQQ accounts for about 2.5% of Regal Investment Advisors LLC's holdings, making the stock its 2nd largest holding. Regal Investment Advisors LLC's holdings in Invesco QQQ were worth $33,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Proficio Capital Partners LLC increased its position in shares of Invesco QQQ by 51,292.3% during 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 purchasing an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake 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 during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of 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 acquiring an additional 27,115 shares during the period. Commonwealth Equity Services LLC grew its position in shares of 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 worth $1,239,886,000 after acquiring an additional 52,235 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its holdings in shares of Invesco QQQ by 0.8% in 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. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.1 %

NASDAQ:QQQ traded down $0.36 during trading hours on Friday, reaching $443.82. 44,745,116 shares of the company's stock were exchanged, compared to its average volume of 36,627,789. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The firm has a market capitalization of $284.56 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. The company has a 50-day moving average of $482.54 and a 200 day moving average of $501.06.

Invesco QQQ Cuts Dividend

The business also recently declared 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.