Natixis lowered its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 31.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 313,489 shares of the exchange traded fund's stock after selling 145,447 shares during the period. Invesco QQQ comprises approximately 1.0% of Natixis' holdings, making the stock its 15th largest holding. Natixis' holdings in Invesco QQQ were worth $160,265,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC raised its holdings in shares of Invesco QQQ by 51,292.3% during the fourth 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 acquiring an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC grew its position in Invesco QQQ by 47,853.9% in the fourth 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 during the period. Artemis Wealth Advisors LLC boosted its stake in Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after buying an additional 895,277 shares during the period. Norinchukin Bank The acquired a new position in Invesco QQQ during the fourth quarter worth $210,116,000. Finally, Anchor Capital Management Group Inc purchased a new position in Invesco QQQ during the 4th quarter valued at about $174,214,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Up 2.8 %
NASDAQ:QQQ traded up $12.34 during mid-day trading on Wednesday, hitting $456.82. The stock had a trading volume of 38,885,083 shares, compared to its average volume of 36,538,456. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company has a market capitalization of $292.32 billion, a PE ratio of 28.58 and a beta of 1.11. The stock has a 50-day simple moving average of $478.81 and a two-hundred day simple moving average of $500.56.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.
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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