Ameriflex Group Inc. purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,235 shares of the exchange traded fund's stock, valued at approximately $2,734,000. Invesco QQQ comprises about 1.2% of Ameriflex Group Inc.'s investment portfolio, making the stock its 12th biggest holding.
Several other large investors have also recently modified their holdings of the stock. Wealth Group Ltd. raised its position in Invesco QQQ by 6.9% in the 4th 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 purchased a new position in Invesco QQQ in the 4th quarter worth about $4,904,000. Capital & Planning LLC raised its position 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 worth $2,477,000 after buying an additional 229 shares during the last quarter. Naviter Wealth LLC raised its position 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 worth $675,000 after buying an additional 107 shares during the last quarter. Finally, Eagle Capital Management LLC raised its position 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 buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Up 0.3%
NASDAQ:QQQ traded up $1.54 during mid-day trading on Thursday, reaching $520.45. The company's stock had a trading volume of 36,474,439 shares, compared to its average volume of 44,684,293. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm's fifty day moving average price is $477.01 and its two-hundred day moving average price is $501.03. The stock has a market cap of $326.14 billion, a P/E ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
Invesco QQQ Company 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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