Haven Private LLC Makes New $4.76 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Haven Private LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,316 shares of the exchange traded fund's stock, valued at approximately $4,763,000. Invesco QQQ comprises 2.7% of Haven Private LLC's holdings, making the stock its 8th largest position.

Several other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Toronto Dominion Bank increased its stake in shares of Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. CHURCHILL MANAGEMENT Corp lifted its position in Invesco QQQ by 0.8% during the fourth 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 in the last quarter. Finally, US Bancorp DE grew its holdings in Invesco QQQ by 3.4% during the fourth quarter. US Bancorp DE now owns 1,409,330 shares of the exchange traded fund's stock valued at $720,494,000 after purchasing an additional 46,234 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 3.9 %

QQQ traded down $19.06 during midday trading on Monday, reaching $472.73. The company had a trading volume of 75,693,847 shares, compared to its average volume of 35,010,539. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The company has a market cap of $297.94 billion, a P/E ratio of 33.43 and a beta of 1.11. The business has a 50-day moving average of $518.84 and a two-hundred day moving average of $504.14.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

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.