Nestegg Advisors Inc. acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 481 shares of the exchange traded fund's stock, valued at approximately $247,000.
A number of other hedge funds also recently made changes to their positions in the stock. Wealth Group Ltd. raised its position in shares of Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after buying an additional 102 shares during the last quarter. Tallon Kerry Patrick purchased a new position in Invesco QQQ during the fourth quarter valued at $4,904,000. Capital & Planning LLC increased its holdings in Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock valued at $2,477,000 after acquiring an additional 229 shares during the last quarter. Naviter Wealth LLC increased its holdings in Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after acquiring an additional 107 shares during the last quarter. Finally, Eagle Capital Management LLC lifted its stake in Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Performance
Shares of QQQ traded down $2.31 during midday trading on Wednesday, hitting $518.91. 44,971,575 shares of the company traded hands, compared to its average volume of 37,485,085. The stock has a market cap of $325.17 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The firm has a 50 day moving average of $477.01 and a 200-day moving average of $501.03. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.
About Invesco QQQ
(
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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