Brown Advisory Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,362 shares of the exchange traded fund's stock after purchasing an additional 3,782 shares during the period. Brown Advisory Inc.'s holdings in Invesco QQQ were worth $26,769,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in QQQ. Principal Financial Group Inc. lifted its position in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after acquiring an additional 11,351 shares in the last quarter. Silverleafe Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 16.8% in the fourth 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 in the last quarter. Synergy Investment Management LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $723,000. Grant Private Wealth Management Inc bought a new stake in Invesco QQQ during the fourth quarter worth $815,000. Finally, Tandem Investment Partners LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at $4,623,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.0 %
NASDAQ:QQQ traded down $0.24 during trading hours on Friday, hitting $488.05. 27,663,996 shares of the company traded hands, compared to its average volume of 36,427,955. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a market cap of $305.84 billion, a PE ratio of 28.58 and a beta of 1.11. The firm's 50-day simple moving average is $467.93 and its 200-day simple moving average is $499.29.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Invesco QQQ 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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