6,934 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Ewing Morris & Co. Investment Partners Ltd.

Ewing Morris & Co. Investment Partners Ltd. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,934 shares of the exchange traded fund's stock, valued at approximately $3,545,000. Invesco QQQ accounts for about 1.4% of Ewing Morris & Co. Investment Partners Ltd.'s portfolio, making the stock its 19th largest holding.

Other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its stake in Invesco QQQ by 51,292.3% in 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 purchasing an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC grew 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 acquiring an additional 4,105,389 shares during the last quarter. 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 raised its stake in shares of Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after acquiring an additional 895,277 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted 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 purchasing an additional 756,990 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.0 %

Shares of Invesco QQQ stock traded down $0.24 during midday trading on Friday, reaching $488.05. The company had a trading volume of 27,675,907 shares, compared to its average volume of 36,513,345. The stock has a fifty day simple moving average of $467.78 and a 200 day simple moving average of $499.31. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The company has a market capitalization of $305.84 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company 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 of this dividend 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.