Pamplona Capital Management LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,284 shares of the exchange traded fund's stock, valued at approximately $1,168,000. Invesco QQQ accounts for 0.2% of Pamplona Capital Management LLC's investment portfolio, making the stock its 6th biggest holding.
Other hedge funds and other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. lifted its stake in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. FMR LLC raised its holdings in shares of Invesco QQQ by 1.7% during the 3rd quarter. FMR LLC now owns 778,065 shares of the exchange traded fund's stock valued at $379,751,000 after buying an additional 13,338 shares during the period. Glenmede Trust Co. NA raised its holdings in shares of Invesco QQQ by 13.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 29,459 shares of the exchange traded fund's stock valued at $14,378,000 after buying an additional 3,553 shares during the period. Fiduciary Trust Co lifted its position in Invesco QQQ by 4.4% during the 3rd quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund's stock worth $2,688,000 after acquiring an additional 230 shares in the last quarter. Finally, Financial Counselors Inc. boosted its holdings in Invesco QQQ by 4.1% in the 3rd quarter. Financial Counselors Inc. now owns 10,300 shares of the exchange traded fund's stock worth $5,027,000 after acquiring an additional 410 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Stock Down 0.3 %
Shares of QQQ traded down $1.33 during mid-day trading on Monday, reaching $467.61. 39,497,193 shares of the stock traded hands, compared to its average volume of 35,097,340. The stock has a fifty day simple moving average of $508.43 and a 200 day simple moving average of $505.35. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm has a market cap of $294.71 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date 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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