Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 90.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,439 shares of the exchange traded fund's stock after buying an additional 12,567 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Invesco QQQ were worth $13,517,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after purchasing an additional 11,351 shares in the last quarter. Wealth Group Ltd. raised its holdings in Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after purchasing an additional 102 shares in the last quarter. Tallon Kerry Patrick purchased a new position in Invesco QQQ during the fourth quarter worth about $4,904,000. Capital & Planning LLC raised its holdings in Invesco QQQ by 5.0% during the fourth quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after purchasing an additional 229 shares in the last quarter. Finally, Naviter Wealth LLC raised its holdings in Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.3%

NASDAQ QQQ opened at $520.27 on Wednesday. The stock has a market capitalization of $326.03 billion, a P/E ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The firm has a 50-day moving average price of $472.85 and a 200 day moving average price of $500.53.

Invesco QQQ Cuts Dividend

The business also recently announced 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

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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