Thoma Capital Management LLC Acquires Shares of 2,665 Invesco QQQ (NASDAQ:QQQ)

Thoma Capital Management LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,665 shares of the exchange traded fund's stock, valued at approximately $1,363,000. Invesco QQQ comprises approximately 0.9% of Thoma Capital Management LLC's investment portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Proficio Capital Partners LLC grew its stake 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 worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of 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 worth $2,300,993,000 after acquiring an additional 756,990 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Invesco QQQ by 0.9% in 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 during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of 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 worth $1,239,886,000 after acquiring an additional 52,235 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded down $2.31 during midday trading on Wednesday, hitting $518.91. The company had a trading volume of 44,971,575 shares, compared to its average volume of 37,485,085. The business's 50 day simple moving average is $477.01 and its two-hundred day simple moving average is $501.03. The stock has a market cap of $325.17 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. 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.