WBI Investments LLC Has $4.19 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

WBI Investments LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,194 shares of the exchange traded fund's stock after purchasing an additional 923 shares during the period. Invesco QQQ accounts for approximately 1.0% of WBI Investments LLC's holdings, making the stock its 14th largest position. WBI Investments LLC's holdings in Invesco QQQ were worth $4,189,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC increased 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 valued at $5,879,434,000 after buying an additional 11,478,188 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares during the last quarter. Strategic Financial Concepts LLC raised its stake 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 valued at $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 purchasing an additional 27,115 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in 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 valued at $1,239,886,000 after purchasing an additional 52,235 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.4%

Shares of QQQ stock opened at $521.51 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock has a market cap of $326.80 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The stock has a 50-day moving average of $470.91 and a 200-day moving average of $500.15.

Invesco QQQ Cuts Dividend

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