Armis Advisers LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,936 shares of the exchange traded fund's stock, valued at approximately $12,237,000. Invesco QQQ comprises approximately 1.5% of Armis Advisers LLC's holdings, making the stock its 16th largest position.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Wealth Group Ltd. lifted its stake in shares of Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after purchasing an additional 102 shares during the last quarter. Tallon Kerry Patrick bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $4,904,000. Capital & Planning LLC lifted its position in Invesco QQQ by 5.0% in the fourth 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 lifted its position in Invesco QQQ by 8.8% in the fourth 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 lifted its position in Invesco QQQ by 0.3% in the fourth 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. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock traded down $2.31 during trading on Wednesday, hitting $518.91. The stock had a trading volume of 44,971,575 shares, compared to its average volume of 37,433,807. The firm's fifty day simple moving average is $476.24 and its 200-day simple moving average is $500.91. The stock has a market cap of $325.17 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date 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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