Price T Rowe Associates Inc. MD Has $1.12 Billion Holdings in Invesco QQQ (NASDAQ:QQQ)

Price T Rowe Associates Inc. MD grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 34.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,199,820 shares of the exchange traded fund's stock after acquiring an additional 568,120 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.35% of Invesco QQQ worth $1,124,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC boosted its position in shares of Invesco QQQ by 51,292.3% during 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 acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in Invesco QQQ by 47,853.9% during 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 purchasing an additional 4,105,389 shares during the period. Senator Investment Group LP acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $679,936,000. Artemis Wealth Advisors LLC grew its stake in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after purchasing an additional 895,277 shares during the period. Finally, Susquehanna Advisors Group Inc. acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $344,530,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $455.23 on Thursday. The stock's fifty day simple moving average is $477.15 and its 200 day simple moving average is $500.25. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The firm has a market cap of $291.30 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a $0.7157 dividend. 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.

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