Warm Springs Advisors Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,397 shares of the exchange traded fund's stock, valued at approximately $3,782,000. Invesco QQQ accounts for approximately 3.5% of Warm Springs Advisors Inc.'s investment portfolio, making the stock its 9th biggest position.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Synergy Investment Management LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $723,000. Grant Private Wealth Management Inc purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $815,000. Tandem Investment Partners LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $4,623,000. Gemsstock Ltd. grew its holdings in shares of Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after buying an additional 213,400 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC grew its holdings in shares of Invesco QQQ by 1.8% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock worth $75,071,000 after buying an additional 2,600 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
Shares of NASDAQ QQQ opened at $509.24 on Friday. The company has a market cap of $319.12 billion, a PE ratio of 30.62 and a beta of 1.11. 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 $474.84 and a 200-day simple moving average of $500.92.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Invesco QQQ Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
