Vident Advisory LLC Purchases 11,113 Shares of Invesco QQQ (NASDAQ:QQQ)

Vident Advisory LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 160.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,033 shares of the exchange traded fund's stock after purchasing an additional 11,113 shares during the quarter. Vident Advisory LLC's holdings in Invesco QQQ were worth $9,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Principal Financial Group Inc. raised its holdings in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after purchasing an additional 11,351 shares during the last quarter. Wealth Group Ltd. raised its holdings in Invesco QQQ by 6.9% during the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after purchasing an additional 102 shares during the last quarter. Tallon Kerry Patrick bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $4,904,000. Capital & Planning LLC increased its stake in shares of Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock valued at $2,477,000 after acquiring an additional 229 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $69,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $522.01 on Tuesday. The stock has a market cap of $327.12 billion, a PE ratio of 30.62 and a beta of 1.11. The stock has a 50-day moving average of $471.81 and a 200-day moving average of $500.39. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

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

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