Peak Retirement Planning Inc. Takes Position in Invesco QQQ (NASDAQ:QQQ)

Peak Retirement Planning Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,297 shares of the exchange traded fund's stock, valued at approximately $6,761,000. Invesco QQQ makes up approximately 4.5% of Peak Retirement Planning Inc.'s portfolio, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Proficio Capital Partners LLC lifted its holdings in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Invesco QQQ by 47,853.9% during the fourth 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 acquiring an additional 4,105,389 shares in the last quarter. NWI Management LP increased its position in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. Senator Investment Group LP acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $679,936,000. Finally, Artemis Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after acquiring an additional 895,277 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.0%

NASDAQ QQQ traded up $0.25 during mid-day trading on Wednesday, reaching $521.47. 17,837,608 shares of the company's stock traded hands, compared to its average volume of 37,330,140. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The company has a fifty day simple moving average of $476.24 and a 200-day simple moving average of $500.91. The company has a market cap of $326.78 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date 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.