Betterment LLC Purchases 24,962 Shares of Invesco QQQ (NASDAQ:QQQ)

Betterment LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 53.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 71,459 shares of the exchange traded fund's stock after buying an additional 24,962 shares during the period. Betterment LLC's holdings in Invesco QQQ were worth $36,532,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings 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 valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in Invesco QQQ by 47,853.9% in 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 purchasing an additional 4,105,389 shares during the last quarter. Senator Investment Group LP bought a new stake in Invesco QQQ in the fourth quarter valued at about $679,936,000. Artemis Wealth Advisors LLC increased its holdings in Invesco QQQ by 1,337.4% in 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 purchasing an additional 895,277 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. bought a new stake in Invesco QQQ in the fourth quarter valued at about $344,530,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.7 %

Shares of NASDAQ QQQ traded up $8.30 during mid-day trading on Thursday, reaching $483.77. 26,704,907 shares of the company's stock were exchanged, compared to its average volume of 36,429,905. The business has a fifty day simple moving average of $470.81 and a 200 day simple moving average of $499.65. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a market capitalization of $306.54 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.