Aspire Growth Partners LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,388 shares of the exchange traded fund's stock, valued at approximately $1,221,000. Invesco QQQ comprises about 1.2% of Aspire Growth Partners LLC's investment portfolio, making the stock its 20th largest position.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its stake 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 worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of 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 valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. Senator Investment Group LP purchased a new position in Invesco QQQ during the 4th quarter worth approximately $679,936,000. Artemis Wealth Advisors LLC increased its position 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 worth $423,470,000 after buying an additional 895,277 shares during the period. Finally, Susquehanna Advisors Group Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $344,530,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.9 %
QQQ stock traded down $4.52 during trading on Tuesday, hitting $481.41. The company had a trading volume of 30,767,152 shares, compared to its average volume of 36,337,514. The firm has a 50-day moving average price of $468.98 and a 200-day moving average price of $499.58. The firm has a market cap of $301.68 billion, a PE ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was 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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