Wealthedge Investment Advisors LLC Acquires Shares of 4,255 Invesco QQQ (NASDAQ:QQQ)

Wealthedge Investment Advisors LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,255 shares of the exchange traded fund's stock, valued at approximately $2,175,000. Invesco QQQ comprises about 1.0% of Wealthedge Investment Advisors LLC's investment portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC lifted its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. NWI Management LP lifted its holdings in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ in the 4th quarter worth $679,936,000. Finally, Artemis Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 1,337.4% in the 4th 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. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.6%

Shares of QQQ traded down $3.24 during trading on Friday, reaching $516.69. 67,585,697 shares of the company traded hands, compared to its average volume of 37,748,895. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The stock has a market cap of $323.78 billion, a PE ratio of 30.62 and a beta of 1.11. The stock has a 50-day simple moving average of $478.06 and a 200-day simple moving average of $501.10.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ 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.