American Trust grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1,669.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,198 shares of the exchange traded fund's stock after purchasing an additional 42,643 shares during the quarter. Invesco QQQ makes up 1.8% of American Trust's holdings, making the stock its 14th biggest position. American Trust's holdings in Invesco QQQ were worth $23,106,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Synergy Investment Management LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at about $723,000. Grant Private Wealth Management Inc purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $815,000. Tandem Investment Partners LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $4,623,000. Gemsstock Ltd. grew its stake in shares of Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after buying an additional 213,400 shares during the period. Finally, Wescott Financial Advisory Group LLC grew its stake in shares of Invesco QQQ by 1.8% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock valued at $75,071,000 after buying an additional 2,600 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Up 2.4%
Shares of Invesco QQQ stock traded up $11.98 during mid-day trading on Tuesday, hitting $521.22. The stock had a trading volume of 47,029,049 shares, compared to its average volume of 37,403,242. The firm has a 50-day moving average of $475.41 and a two-hundred day moving average of $500.77. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm has a market cap of $326.62 billion, a P/E ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date 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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