Virtus Wealth Solutions LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 116,326 shares of the exchange traded fund's stock, valued at approximately $59,469,000. Invesco QQQ accounts for about 14.0% of Virtus Wealth Solutions LLC's holdings, making the stock its 3rd largest holding.
A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Proficio Capital Partners LLC raised its holdings in 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 buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Invesco QQQ by 47,853.9% during 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. 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 worth $423,470,000 after purchasing an additional 895,277 shares during the last quarter. Anchor Capital Management Group Inc bought a new stake in Invesco QQQ during the fourth quarter worth approximately $174,214,000. Finally, Cibc World Market Inc. grew its holdings in Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund's stock valued at $350,764,000 after purchasing an additional 324,948 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
NASDAQ:QQQ traded up $0.51 during midday trading on Tuesday, reaching $457.99. The stock had a trading volume of 34,678,759 shares, compared to its average volume of 36,708,552. The stock has a market capitalization of $286.20 billion, a P/E ratio of 30.05 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The firm's fifty day simple moving average is $488.94 and its 200-day simple moving average is $502.33.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a $0.7157 dividend. 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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