BNP Paribas Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

BNP Paribas boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1,859.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,508 shares of the exchange traded fund's stock after buying an additional 2,380 shares during the quarter. BNP Paribas' holdings in Invesco QQQ were worth $1,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC increased its position in shares of 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 acquiring an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC increased its holdings in Invesco QQQ by 47,853.9% during 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. Senator Investment Group LP acquired a new stake in Invesco QQQ in the 4th quarter valued at about $679,936,000. Artemis Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after buying an additional 895,277 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after buying an additional 756,990 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.9 %

NASDAQ:QQQ traded down $4.52 during mid-day trading on Tuesday, hitting $481.41. The stock had a trading volume of 31,484,778 shares, compared to its average volume of 36,368,973. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The stock has a 50-day simple moving average of $468.61 and a two-hundred day simple moving average of $499.45. The company has a market capitalization of $301.68 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders 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 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.