Chokshi & Queen Wealth Advisors Inc Takes Position in Invesco QQQ (NASDAQ:QQQ)

Chokshi & Queen Wealth Advisors Inc acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 58,162 shares of the exchange traded fund's stock, valued at approximately $29,734,000. Invesco QQQ comprises about 18.5% of Chokshi & Queen Wealth Advisors Inc's holdings, making the stock its 2nd largest holding.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 51,292.3% in the fourth 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 during the last quarter. Ameriprise Financial Inc. raised its holdings in Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake 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 worth $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock worth $1,593,354,000 after purchasing an additional 27,115 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock traded up $11.98 during trading hours on Tuesday, reaching $521.22. The company had a trading volume of 47,029,049 shares, compared to its average volume of 37,403,242. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market capitalization of $326.62 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The stock has a fifty day moving average of $475.41 and a 200-day moving average of $500.77.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. 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.