Sunbelt Securities Inc. Has $13.17 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Sunbelt Securities Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 49.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,547 shares of the exchange traded fund's stock after purchasing an additional 8,462 shares during the period. Invesco QQQ accounts for approximately 1.2% of Sunbelt Securities Inc.'s holdings, making the stock its 12th biggest position. Sunbelt Securities Inc.'s holdings in Invesco QQQ were worth $13,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC grew its holdings in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after purchasing an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after purchasing an additional 20 shares during the last quarter. RAM Investment Partners LLC grew its holdings in shares of Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after purchasing an additional 20 shares during the last quarter. HighMark Wealth Management LLC grew its holdings in shares of Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock worth $208,000 after purchasing an additional 20 shares during the last quarter. Finally, Providence First Trust Co grew its holdings in Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after acquiring an additional 20 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 2.1%

NASDAQ:QQQ traded up $10.61 during mid-day trading on Tuesday, reaching $519.85. 20,670,572 shares of the company were exchanged, compared to its average volume of 37,301,961. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company has a fifty day moving average of $475.41 and a 200 day moving average of $500.77. The stock has a market cap of $325.76 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ 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.