Vienna Asset Management LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Vienna Asset Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,824 shares of the exchange traded fund's stock after buying an additional 487 shares during the quarter. Invesco QQQ comprises approximately 5.1% of Vienna Asset Management LLC's investment portfolio, making the stock its 5th largest holding. Vienna Asset Management LLC's holdings in Invesco QQQ were worth $7,579,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. NWI Management LP lifted its position in shares of Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after buying an additional 3,648,000 shares in the last quarter. Senator Investment Group LP bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $679,936,000. Finally, Artemis Wealth Advisors LLC lifted its position in shares of Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after buying an additional 895,277 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $1.74 during mid-day trading on Tuesday, hitting $520.27. 42,067,868 shares of the stock were exchanged, compared to its average volume of 36,948,229. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company has a 50-day simple moving average of $472.85 and a 200 day simple moving average of $500.53. The company has a market capitalization of $326.03 billion, a P/E ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given 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.