Vista Cima Wealth Management LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 24,264 shares of the exchange traded fund's stock, valued at approximately $12,405,000. Invesco QQQ comprises approximately 12.9% of Vista Cima Wealth Management LLC's investment portfolio, making the stock its largest position.
Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake 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 during the period. Wealth Group Ltd. boosted its holdings in Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after buying an additional 102 shares during the last quarter. Tallon Kerry Patrick acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $4,904,000. Capital & Planning LLC grew its position in shares of Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after buying an additional 229 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Trading Down 0.3%
Shares of NASDAQ:QQQ traded down $1.74 during mid-day trading on Tuesday, reaching $520.27. The stock had a trading volume of 42,067,868 shares, compared to its average volume of 36,948,229. The firm has a 50 day simple moving average of $472.85 and a two-hundred day simple moving average of $500.53. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a market cap of $326.03 billion, a PE ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued 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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