Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Seaview Investment Managers LLC

Seaview Investment Managers LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 52.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,966 shares of the exchange traded fund's stock after acquiring an additional 10,288 shares during the period. Invesco QQQ comprises approximately 4.2% of Seaview Investment Managers LLC's holdings, making the stock its 2nd largest holding. Seaview Investment Managers LLC's holdings in Invesco QQQ were worth $15,320,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its holdings in shares of Invesco QQQ by 51,292.3% during the fourth 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 grew its position in shares of 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 acquiring an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock worth $1,593,354,000 after acquiring an additional 27,115 shares during the period. Commonwealth Equity Services LLC lifted its position 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 valued at $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp boosted its stake in Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund's stock valued at $940,676,000 after purchasing an additional 13,772 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 2.5 %

NASDAQ QQQ traded up $11.18 on Thursday, hitting $465.74. The stock had a trading volume of 27,364,602 shares, compared to its average volume of 36,535,709. The company's 50-day moving average is $477.15 and its two-hundred day moving average is $500.25. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The stock has a market cap of $298.02 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date 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.