Blue Capital Inc. Purchases Shares of 4,059 Invesco QQQ (NASDAQ:QQQ)

Blue Capital Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,059 shares of the exchange traded fund's stock, valued at approximately $2,075,000. Invesco QQQ makes up about 1.5% of Blue Capital Inc.'s investment portfolio, making the stock its 23rd largest holding.

Several other large investors have also recently bought and sold shares of QQQ. Proficio Capital Partners LLC raised its holdings in Invesco QQQ by 51,292.3% during the 4th 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 boosted its stake 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 acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $679,936,000. Artemis Wealth Advisors LLC raised its stake 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 last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after buying an additional 756,990 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.4 %

Invesco QQQ stock traded up $1.89 during trading hours on Wednesday, reaching $483.30. 37,946,580 shares of the company's stock were exchanged, compared to its average volume of 36,404,223. The firm's 50 day simple moving average is $468.61 and its 200 day simple moving average is $499.45. 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 $302.86 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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