18,574 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Thor Trading Advisors LLC

Thor Trading Advisors LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,574 shares of the exchange traded fund's stock, valued at approximately $9,496,000. Invesco QQQ accounts for 8.6% of Thor Trading Advisors LLC's investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQ. Proficio Capital Partners LLC increased its holdings 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 valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC lifted its holdings 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 worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. NWI Management LP grew its position in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after buying an additional 3,648,000 shares during the last quarter. Senator Investment Group LP acquired a new position in Invesco QQQ in the 4th quarter valued at $679,936,000. Finally, Artemis Wealth Advisors LLC increased its stake in Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after buying an additional 895,277 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $0.25 during mid-day trading on Wednesday, hitting $521.47. The stock had a trading volume of 17,837,608 shares, compared to its average volume of 37,330,140. The firm has a market cap of $326.78 billion, a PE ratio of 30.62 and a beta of 1.11. The company's 50-day simple moving average is $476.24 and its 200-day simple moving average is $500.91. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared 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 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.