Prostatis Group LLC Has $34.58 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Prostatis Group LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,638 shares of the exchange traded fund's stock after selling 846 shares during the quarter. Invesco QQQ comprises 10.1% of Prostatis Group LLC's portfolio, making the stock its largest position. Prostatis Group LLC's holdings in Invesco QQQ were worth $34,579,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its stake in Invesco QQQ by 51,292.3% during 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 acquiring an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of 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 acquiring an additional 4,105,389 shares during the period. NWI Management LP increased its holdings in shares of Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the period. Senator Investment Group LP bought a new position in Invesco QQQ in the 4th quarter valued at about $679,936,000. Finally, Artemis Wealth Advisors LLC grew its position in Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after buying an additional 895,277 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $1.02 during trading hours on Thursday, hitting $519.93. 58,441,678 shares of the company's stock traded hands, compared to its average volume of 37,601,022. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company's fifty day simple moving average is $477.01 and its two-hundred day simple moving average is $501.03. The company has a market cap of $325.81 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently announced 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.