Russell Investments Group Ltd. increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,869 shares of the exchange traded fund's stock after acquiring an additional 573 shares during the quarter. Russell Investments Group Ltd.'s holdings in Invesco QQQ were worth $1,467,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SOA Wealth Advisors LLC. raised 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 during the last quarter. McIlrath & Eck LLC raised its position in Invesco QQQ by 15.9% during the 3rd quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund's stock worth $9,868,000 after buying an additional 2,767 shares during the last quarter. Advisory Resource Group lifted its stake in shares of Invesco QQQ by 5.8% in the 3rd quarter. Advisory Resource Group now owns 14,457 shares of the exchange traded fund's stock worth $7,056,000 after acquiring an additional 791 shares during the period. Tudor Financial Inc. purchased a new stake in shares of Invesco QQQ in the third quarter valued at about $3,376,000. Finally, Anchor Investment Management LLC boosted its holdings in shares of Invesco QQQ by 1.6% in the third quarter. Anchor Investment Management LLC now owns 42,889 shares of the exchange traded fund's stock valued at $20,933,000 after acquiring an additional 693 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 4.1 %
NASDAQ QQQ traded up $18.30 during trading hours on Wednesday, hitting $462.78. 19,132,368 shares of the stock were exchanged, compared to its average volume of 36,463,644. The company has a market cap of $296.13 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The stock has a 50-day moving average of $478.81 and a 200 day moving average of $500.56.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. 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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