Mariner LLC Purchases 221,893 Shares of Invesco QQQ (NASDAQ:QQQ)

Mariner LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 982,519 shares of the exchange traded fund's stock after acquiring an additional 221,893 shares during the period. Invesco QQQ makes up about 0.8% of Mariner LLC's holdings, making the stock its 19th largest position. Mariner LLC owned 0.16% of Invesco QQQ worth $502,294,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of QQQ. Proficio Capital Partners LLC raised its position in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after buying an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares in the last quarter. PNC Financial Services Group Inc. raised 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 purchasing an additional 27,115 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp lifted its position in shares of Invesco QQQ by 0.8% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund's stock valued at $940,676,000 after purchasing an additional 13,772 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

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Invesco QQQ Stock Up 0.1 %

QQQ stock traded up $0.51 during trading on Tuesday, reaching $457.99. The stock had a trading volume of 34,678,759 shares, compared to its average volume of 36,708,552. The company has a market capitalization of $286.20 billion, a price-to-earnings ratio of 30.05 and a beta of 1.11. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company's 50 day moving average is $488.94 and its two-hundred day moving average is $502.33.

Invesco QQQ Cuts Dividend

The business also recently announced 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 is Monday, March 24th.

About Invesco QQQ

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.