Iron Gate Global Advisors LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Iron Gate Global Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,924 shares of the exchange traded fund's stock after buying an additional 1,092 shares during the period. Invesco QQQ accounts for about 0.4% of Iron Gate Global Advisors LLC's holdings, making the stock its 23rd biggest holding. Iron Gate Global Advisors LLC's holdings in Invesco QQQ were worth $3,029,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after acquiring an additional 2,059 shares during the period. Principal Financial Group Inc. increased its position in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. NRI Wealth Management LC acquired a new stake in Invesco QQQ during the fourth quarter worth about $28,729,000. Garden State Investment Advisory Services LLC raised its stake in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after purchasing an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC boosted its holdings in Invesco QQQ by 16.8% in the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock valued at $23,165,000 after purchasing an additional 6,518 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.1 %

Shares of Invesco QQQ stock traded down $0.36 during mid-day trading on Friday, hitting $443.82. The stock had a trading volume of 44,745,116 shares, compared to its average volume of 36,476,157. The firm has a market cap of $284.56 billion, a P/E ratio of 30.05 and a beta of 1.11. The firm has a 50-day moving average of $482.54 and a two-hundred day moving average of $501.19. Invesco QQQ has a 12-month low of $402.39 and a 12-month 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 issued a $0.7157 dividend. 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.