Invesco QQQ (NASDAQ:QQQ) Position Boosted by WNY Asset Management LLC

WNY Asset Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 166.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 32,315 shares of the exchange traded fund's stock after buying an additional 20,207 shares during the quarter. Invesco QQQ makes up about 2.0% of WNY Asset Management LLC's investment portfolio, making the stock its 13th largest holding. WNY Asset Management LLC's holdings in Invesco QQQ were worth $16,520,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Group Ltd. raised its stake in shares of Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after purchasing an additional 102 shares in the last quarter. Tallon Kerry Patrick acquired a new position in Invesco QQQ during the fourth quarter worth about $4,904,000. Capital & Planning LLC grew 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 acquiring an additional 229 shares during the period. Naviter Wealth LLC grew 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 acquiring an additional 107 shares during the period. Finally, Eagle Capital Management LLC grew its holdings in Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

QQQ traded up $11.98 during trading on Tuesday, reaching $521.22. The company had a trading volume of 47,029,049 shares, compared to its average volume of 37,403,242. The firm's 50-day simple moving average is $475.41 and its 200 day simple moving average is $500.77. The company has a market cap of $326.62 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

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