Topsail Wealth Management LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,633 shares of the exchange traded fund's stock, valued at approximately $1,346,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in 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 period. Senator Investment Group LP bought a new stake in Invesco QQQ in the fourth quarter worth about $679,936,000. Artemis Wealth Advisors LLC lifted its holdings in Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after acquiring an additional 895,277 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $344,530,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Down 0.0 %
Shares of NASDAQ QQQ traded down $0.15 during midday trading on Monday, reaching $472.41. The company's stock had a trading volume of 32,960,356 shares, compared to its average volume of 44,714,504. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a market cap of $299.34 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The company has a 50 day moving average price of $474.40 and a 200 day moving average price of $500.13.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.
Invesco QQQ Company Profile
(
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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