Northeast Planning Associates INC. NH acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,153 shares of the exchange traded fund's stock, valued at approximately $589,000. Invesco QQQ makes up about 0.6% of Northeast Planning Associates INC. NH's holdings, making the stock its 23rd biggest position.
A number of other hedge funds also recently bought and sold shares of the company. Wealth Group Ltd. increased its holdings in shares of Invesco QQQ by 6.9% in the 4th 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 during the period. Tallon Kerry Patrick acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $4,904,000. Capital & Planning LLC increased its holdings in shares of 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 purchasing an additional 229 shares during the period. Naviter Wealth LLC increased its holdings in shares of Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after purchasing an additional 107 shares during the period. Finally, Eagle Capital Management LLC increased its holdings in shares of Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
NASDAQ:QQQ traded up $1.02 during mid-day trading on Thursday, reaching $519.93. The stock had a trading volume of 58,441,678 shares, compared to its average volume of 37,601,022. The business's 50 day moving average is $477.01 and its 200 day moving average is $501.03. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The stock has a market cap of $325.81 billion, a P/E ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
About Invesco QQQ
(
Free Report)
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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