Garde Capital Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,127 shares of the exchange traded fund's stock after selling 889 shares during the period. Invesco QQQ accounts for about 1.3% of Garde Capital Inc.'s investment portfolio, making the stock its 20th biggest holding. Garde Capital Inc.'s holdings in Invesco QQQ were worth $20,003,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wilkins Miller Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $1,018,000. Synergy Investment Management LLC purchased a new position in Invesco QQQ during the 4th quarter worth approximately $723,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $815,000. Tandem Investment Partners LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $4,623,000. Finally, Gemsstock Ltd. boosted its holdings in shares of Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after acquiring an additional 213,400 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 2.4%
Shares of NASDAQ:QQQ traded up $11.98 during midday trading on Tuesday, reaching $521.22. The company's stock had a trading volume of 47,029,049 shares, compared to its average volume of 37,403,242. The stock has a fifty day moving average of $475.41 and a 200 day moving average of $500.77. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a market capitalization of $326.62 billion, a PE ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a dividend of $0.7157 per share. 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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