NBC Securities Inc. Acquires 8,462 Shares of Invesco QQQ (NASDAQ:QQQ)

NBC Securities Inc. raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 105,775.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,470 shares of the exchange traded fund's stock after buying an additional 8,462 shares during the period. NBC Securities Inc.'s holdings in Invesco QQQ were worth $3,972,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its position in shares of Invesco QQQ by 51,292.3% in the fourth 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 purchasing an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares during the period. Strategic Financial Concepts LLC grew its stake 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 valued at $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. raised its stake in Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock worth $1,593,354,000 after acquiring an additional 27,115 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after buying an additional 52,235 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ traded up $1.47 on Wednesday, hitting $528.77. The company's stock had a trading volume of 39,325,042 shares, compared to its average volume of 37,760,631. The company has a 50 day moving average price of $479.75 and a 200 day moving average price of $501.34. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The company has a market capitalization of $339.92 billion, a PE ratio of 32.66 and a beta of 1.18.

Invesco QQQ Cuts Dividend

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