Captrust Financial Advisors trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 182,543 shares of the exchange traded fund's stock after selling 7,779 shares during the quarter. Captrust Financial Advisors' holdings in Invesco QQQ were worth $93,323,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in QQQ. Principal Financial Group Inc. grew its holdings in shares of 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 in the last quarter. Silverleafe Capital Partners LLC grew its stake in 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 worth $23,165,000 after buying an additional 6,518 shares in the last quarter. Synergy Investment Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $723,000. Grant Private Wealth Management Inc purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $815,000. Finally, Tandem Investment Partners LLC bought a new stake in Invesco QQQ during the fourth quarter worth about $4,623,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.4 %
Shares of Invesco QQQ stock traded up $1.89 during trading on Wednesday, hitting $483.30. 37,946,580 shares of the stock traded hands, compared to its average volume of 36,404,223. The firm's fifty day moving average is $468.61 and its 200-day moving average is $499.45. The stock has a market cap of $302.86 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.
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 was Monday, March 24th.
Invesco QQQ Company 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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