May Barnhard Investments LLC Invests $7.39 Million in Invesco QQQ (NASDAQ:QQQ)

May Barnhard Investments LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,459 shares of the exchange traded fund's stock, valued at approximately $7,392,000. Invesco QQQ comprises about 3.5% of May Barnhard Investments LLC's investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors also recently bought and sold shares of QQQ. JPL Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $5,852,000. MGO Private Wealth LLC lifted its stake in shares of Invesco QQQ by 8.1% in the 4th quarter. MGO Private Wealth LLC now owns 1,562 shares of the exchange traded fund's stock worth $799,000 after acquiring an additional 117 shares during the period. Commonwealth Equity Services LLC boosted 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 acquiring an additional 52,235 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in shares of Invesco QQQ by 1.5% during the fourth quarter. HBK Sorce Advisory LLC now owns 18,775 shares of the exchange traded fund's stock worth $9,598,000 after acquiring an additional 275 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in Invesco QQQ in the fourth quarter valued at about $1,776,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $468.34 on Friday. The company's fifty day moving average is $515.67 and its two-hundred day moving average is $503.63. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The firm has a market capitalization of $295.17 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.

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