Invesco QQQ (NASDAQ:QQQ) Stock Position Lifted by Sassicaia Capital Advisers LLC

Sassicaia Capital Advisers LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 330.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,600 shares of the exchange traded fund's stock after purchasing an additional 4,300 shares during the quarter. Invesco QQQ makes up about 69.2% of Sassicaia Capital Advisers LLC's investment portfolio, making the stock its largest position. Sassicaia Capital Advisers LLC's holdings in Invesco QQQ were worth $2,863,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC grew its holdings 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 purchasing an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Invesco QQQ by 0.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after acquiring an additional 27,115 shares during the period. Commonwealth Equity Services LLC increased its stake in Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after purchasing an additional 568,120 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $0.15 during mid-day trading on Monday, hitting $472.41. The stock had a trading volume of 33,277,096 shares, compared to its average volume of 36,449,712. The business has a 50 day moving average price of $474.40 and a two-hundred day moving average price of $500.13. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm has a market cap of $299.34 billion, a P/E ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed 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.

Invesco QQQ Company Profile

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.