Ensign Peak Advisors Inc Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Ensign Peak Advisors Inc increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 292.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 268,400 shares of the exchange traded fund's stock after purchasing an additional 200,000 shares during the period. Ensign Peak Advisors Inc's holdings in Invesco QQQ were worth $137,214,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stephens Consulting LLC boosted its holdings in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after purchasing an additional 19 shares during the last quarter. Cardinal Point Capital Management ULC boosted its stake in shares of Invesco QQQ by 0.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock worth $1,995,000 after buying an additional 20 shares during the last quarter. Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after acquiring an additional 20 shares during the period. Farmers & Merchants Investments Inc. raised its position in Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after acquiring an additional 20 shares in the last quarter. Finally, RAM Investment Partners LLC lifted its holdings in Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.0 %

Shares of NASDAQ QQQ traded down $0.24 during midday trading on Friday, reaching $488.05. 27,675,907 shares of the stock were exchanged, compared to its average volume of 36,513,345. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a 50-day simple moving average of $467.78 and a two-hundred day simple moving average of $499.31. The firm has a market cap of $305.84 billion, a price-to-earnings 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. Stockholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

About Invesco QQQ

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.