Visionary Wealth Advisors Has $5.19 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Visionary Wealth Advisors lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,160 shares of the exchange traded fund's stock after acquiring an additional 866 shares during the period. Visionary Wealth Advisors' holdings in Invesco QQQ were worth $5,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Wealth Group Ltd. boosted 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 during the last quarter. Tallon Kerry Patrick bought a new position in Invesco QQQ in the fourth quarter valued at $4,904,000. Capital & Planning LLC increased its stake in Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock valued at $2,477,000 after buying an additional 229 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Invesco QQQ during the 4th quarter worth about $69,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.3%

Shares of Invesco QQQ stock traded down $1.74 during trading hours on Tuesday, reaching $520.27. 42,067,868 shares of the company's stock were exchanged, compared to its average volume of 36,948,229. The stock has a market cap of $326.03 billion, a P/E ratio of 30.62 and a beta of 1.11. The company has a 50 day moving average of $472.85 and a two-hundred day moving average of $500.53. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

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

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.