Riggs Capital Management LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,804 shares of the exchange traded fund's stock, valued at approximately $2,967,000. Invesco QQQ accounts for about 2.9% of Riggs Capital Management LLC's portfolio, making the stock its 9th largest position.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. lifted its holdings in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after buying an additional 46 shares during the period. FMR LLC lifted its holdings in Invesco QQQ by 1.7% in the third quarter. FMR LLC now owns 778,065 shares of the exchange traded fund's stock valued at $379,751,000 after acquiring an additional 13,338 shares during the period. Hantz Financial Services Inc. boosted its position in Invesco QQQ by 2.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,483 shares of the exchange traded fund's stock worth $1,212,000 after purchasing an additional 56 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Invesco QQQ in the 3rd quarter worth approximately $791,000. Finally, Tradition Wealth Management LLC grew its stake in shares of Invesco QQQ by 1.4% during the 3rd quarter. Tradition Wealth Management LLC now owns 31,939 shares of the exchange traded fund's stock worth $15,588,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ traded down $21.02 during trading hours on Thursday, hitting $455.13. The stock had a trading volume of 42,384,253 shares, compared to its average volume of 35,205,101. The firm has a 50-day moving average price of $505.23 and a 200 day moving average price of $505.09. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The firm has a market capitalization of $288.71 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18.
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 given 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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