Bienville Capital Management LLC Has $1.51 Million Position in Invesco QQQ (NASDAQ:QQQ)

Bienville Capital Management LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,961 shares of the exchange traded fund's stock after selling 1,053 shares during the period. Bienville Capital Management LLC's holdings in Invesco QQQ were worth $1,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock worth $1,712,000 after acquiring an additional 2,059 shares during the period. Principal Financial Group Inc. lifted its stake in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. NRI Wealth Management LC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $28,729,000. Silverleafe Capital Partners LLC increased its stake in shares of Invesco QQQ by 16.8% in the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock valued at $23,165,000 after purchasing an additional 6,518 shares during the last quarter. Finally, Synergy Investment Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $723,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $3.49 during trading hours on Tuesday, hitting $482.44. The company's stock had a trading volume of 16,672,140 shares, compared to its average volume of 43,962,426. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The stock has a fifty day simple moving average of $468.98 and a 200-day simple moving average of $499.58. The company has a market capitalization of $302.32 billion, a P/E ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ Company Profile

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.