Invesco QQQ (NASDAQ:QQQ) Holdings Raised by Financial Insights Inc.

Financial Insights Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,432 shares of the exchange traded fund's stock after buying an additional 536 shares during the quarter. Invesco QQQ comprises approximately 3.8% of Financial Insights Inc.'s investment portfolio, making the stock its 7th biggest holding. Financial Insights Inc.'s holdings in Invesco QQQ were worth $9,934,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Copley Financial Group Inc. grew its holdings in shares of Invesco QQQ by 85.3% during the fourth quarter. Copley Financial Group Inc. now owns 2,088 shares of the exchange traded fund's stock valued at $1,068,000 after buying an additional 961 shares during the last quarter. Comprehensive Money Management Services LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $222,000. Dogwood Wealth Management LLC boosted its holdings in Invesco QQQ by 14.6% in the fourth quarter. Dogwood Wealth Management LLC now owns 15,389 shares of the exchange traded fund's stock valued at $7,867,000 after purchasing an additional 1,959 shares during the last quarter. Buska Wealth Management LLC boosted its holdings in Invesco QQQ by 4.2% in the fourth quarter. Buska Wealth Management LLC now owns 31,282 shares of the exchange traded fund's stock valued at $15,993,000 after purchasing an additional 1,247 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV boosted its holdings in Invesco QQQ by 4.7% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 25,842 shares of the exchange traded fund's stock valued at $13,211,000 after purchasing an additional 1,162 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ traded up $1.02 during mid-day trading on Thursday, hitting $519.93. The company's stock had a trading volume of 58,417,786 shares, compared to its average volume of 37,568,518. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a market cap of $325.81 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The business's fifty day moving average is $477.01 and its two-hundred day moving average is $501.03.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. 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.