WNY Asset Management LLC Has $16.52 Million Position in Invesco QQQ (NASDAQ:QQQ)

WNY Asset Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 166.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,315 shares of the exchange traded fund's stock after acquiring an additional 20,207 shares during the period. Invesco QQQ makes up 2.0% of WNY Asset Management LLC's portfolio, making the stock its 13th biggest 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 have also made changes to their positions in the company. Wealth Group Ltd. increased its holdings 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 worth $810,000 after buying an additional 102 shares in the last quarter. Tallon Kerry Patrick acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $4,904,000. Capital & Planning LLC increased its holdings in shares of 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 buying an additional 229 shares in the last quarter. Naviter Wealth LLC increased its holdings in shares of 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 buying an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC increased its holdings in shares of 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 buying an additional 185 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $2.31 during mid-day trading on Wednesday, hitting $518.91. 44,663,573 shares of the stock were exchanged, compared to its average volume of 37,432,688. The company has a market cap of $325.17 billion, a P/E ratio of 30.62 and a beta of 1.11. The stock's fifty day simple moving average is $476.24 and its two-hundred day simple moving average is $500.91. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. 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.