Stifel Financial Corp Buys 32,321 Shares of Invesco QQQ (NASDAQ:QQQ)

Stifel Financial Corp boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 903,654 shares of the exchange traded fund's stock after buying an additional 32,321 shares during the period. Stifel Financial Corp owned 0.14% of Invesco QQQ worth $462,039,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC grew its stake in shares of Invesco QQQ by 0.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 46,953 shares of the exchange traded fund's stock worth $24,004,000 after buying an additional 409 shares during the last quarter. Optivise Advisory Services LLC boosted its holdings in Invesco QQQ by 16.7% in the fourth quarter. Optivise Advisory Services LLC now owns 3,345 shares of the exchange traded fund's stock worth $1,710,000 after acquiring an additional 479 shares in the last quarter. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ in the fourth quarter worth $679,936,000. Wealth Dimensions Group Ltd. increased its holdings in shares of Invesco QQQ by 33.0% during the fourth quarter. Wealth Dimensions Group Ltd. now owns 2,257 shares of the exchange traded fund's stock valued at $1,154,000 after acquiring an additional 560 shares in the last quarter. Finally, Tradition Wealth Management LLC increased its holdings in shares of Invesco QQQ by 3.8% during the fourth quarter. Tradition Wealth Management LLC now owns 33,165 shares of the exchange traded fund's stock valued at $16,955,000 after acquiring an additional 1,226 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $10.75 during mid-day trading on Wednesday, reaching $455.23. The stock had a trading volume of 55,410,820 shares, compared to its average volume of 36,571,187. The company has a market capitalization of $291.30 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a 50-day moving average price of $478.81 and a two-hundred day moving average price of $500.56.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

Invesco QQQ 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.