J. Safra Sarasin Holding AG lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 44.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,311 shares of the exchange traded fund's stock after purchasing an additional 3,484 shares during the period. J. Safra Sarasin Holding AG's holdings in Invesco QQQ were worth $5,790,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp increased its stake in Invesco QQQ by 3.7% during the fourth quarter. Stifel Financial Corp now owns 903,654 shares of the exchange traded fund's stock valued at $462,039,000 after purchasing an additional 32,321 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Invesco QQQ by 0.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 46,953 shares of the exchange traded fund's stock valued at $24,004,000 after buying an additional 409 shares during the last quarter. Optivise Advisory Services LLC grew its position in shares of Invesco QQQ by 16.7% during the 4th quarter. Optivise Advisory Services LLC now owns 3,345 shares of the exchange traded fund's stock valued at $1,710,000 after buying an additional 479 shares during the last quarter. Senator Investment Group LP acquired a new stake in Invesco QQQ during the fourth quarter worth about $679,936,000. Finally, Wealth Dimensions Group Ltd. lifted its holdings in shares of Invesco QQQ by 33.0% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 2,257 shares of the exchange traded fund's stock worth $1,154,000 after purchasing an additional 560 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
Shares of QQQ traded up $5.21 during midday trading on Friday, hitting $472.56. 38,584,534 shares of the stock traded hands, compared to its average volume of 36,566,637. The business's 50 day moving average price is $475.73 and its two-hundred day moving average price is $500.14. The firm has a market capitalization of $302.39 billion, a PE ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.
Invesco QQQ Company Profile
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Free Report)
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.
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