Two Sigma Securities LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 92.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 787 shares of the exchange traded fund's stock after selling 10,081 shares during the period. Two Sigma Securities LLC's holdings in Invesco QQQ were worth $402,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC increased its position 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 grew its position 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 valued at $2,103,184,000 after buying an additional 4,105,389 shares during the period. Senator Investment Group LP bought a new stake in Invesco QQQ during the fourth quarter valued at approximately $679,936,000. Artemis Wealth Advisors LLC increased its holdings in Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after buying an additional 895,277 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. bought a new position in Invesco QQQ in the fourth quarter worth approximately $344,530,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded up $3.12 on Tuesday, hitting $475.53. 30,407,032 shares of the company's stock were exchanged, compared to its average volume of 36,451,895. The company has a 50-day simple moving average of $473.06 and a 200-day simple moving average of $499.98. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a market capitalization of $301.32 billion, a PE ratio of 28.58 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.
Invesco QQQ 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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