Larson Financial Group LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,012 shares of the exchange traded fund's stock after selling 7,722 shares during the quarter. Invesco QQQ accounts for 3.3% of Larson Financial Group LLC's investment portfolio, making the stock its 5th largest position. Larson Financial Group LLC's holdings in Invesco QQQ were worth $63,398,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. grew its stake in Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after acquiring an additional 46 shares during the last quarter. Pettinga Financial Advisors LLC grew its stake in Invesco QQQ by 13.6% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund's stock valued at $7,553,000 after acquiring an additional 1,854 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Invesco QQQ by 5.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 589 shares of the exchange traded fund's stock valued at $287,000 after acquiring an additional 28 shares during the last quarter. Foster & Motley Inc. grew its stake in Invesco QQQ by 8.0% in the 3rd quarter. Foster & Motley Inc. now owns 766 shares of the exchange traded fund's stock valued at $374,000 after acquiring an additional 57 shares during the last quarter. Finally, Graypoint LLC grew its stake in Invesco QQQ by 6.1% in the 3rd quarter. Graypoint LLC now owns 1,744 shares of the exchange traded fund's stock valued at $851,000 after acquiring an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
NASDAQ QQQ traded up $3.59 during trading hours on Friday, reaching $491.79. The company's stock had a trading volume of 54,649,747 shares, compared to its average volume of 34,845,187. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The stock has a market cap of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11. The company's 50-day moving average is $518.84 and its two-hundred day moving average is $503.99.
Invesco QQQ Announces Dividend
The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.
About Invesco QQQ
(
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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