Pinnacle Wealth Planning Services Inc. increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 86.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,381 shares of the exchange traded fund's stock after purchasing an additional 1,571 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Invesco QQQ were worth $1,728,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Carolinas Wealth Consulting LLC grew its position in shares of Invesco QQQ by 1,323.7% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 48,905 shares of the exchange traded fund's stock worth $25,002,000 after buying an additional 45,470 shares in the last quarter. Capital A Wealth Management LLC purchased a new stake in Invesco QQQ in the fourth quarter worth about $295,000. Discipline Wealth Solutions LLC lifted its stake in Invesco QQQ by 4.0% in the fourth quarter. Discipline Wealth Solutions LLC now owns 1,783 shares of the exchange traded fund's stock worth $911,000 after acquiring an additional 69 shares during the period. Lakeshore Capital Group Inc. bought a new position in Invesco QQQ during the 4th quarter worth about $6,076,000. Finally, Heck Capital Advisors LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $706,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ traded up $11.98 during trading hours on Tuesday, hitting $521.22. The company's stock had a trading volume of 47,029,049 shares, compared to its average volume of 37,403,242. The firm's fifty day moving average price is $475.41 and its 200 day moving average price is $500.77. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company has a market capitalization of $326.62 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors 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
(
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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