Farther Finance Advisors LLC Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Farther Finance Advisors LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 51.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,247 shares of the exchange traded fund's stock after purchasing an additional 18,986 shares during the period. Invesco QQQ accounts for about 0.7% of Farther Finance Advisors LLC's investment portfolio, making the stock its 20th biggest position. Farther Finance Advisors LLC's holdings in Invesco QQQ were worth $26,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its holdings in shares of Invesco QQQ by 51,292.3% in the 4th 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 purchasing an additional 11,478,188 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after buying an additional 27,115 shares during the period. Commonwealth Equity Services LLC raised its stake in Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after buying an additional 52,235 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Invesco QQQ by 34.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after buying an additional 568,120 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ QQQ traded up $0.78 during midday trading on Monday, hitting $530.70. 33,460,220 shares of the company traded hands, compared to its average volume of 38,043,835. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company's 50-day simple moving average is $483.20 and its 200-day simple moving average is $501.85. The company has a market cap of $332.56 billion, a PE ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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