Invesco QQQ (NASDAQ:QQQ) Shares Bought by Weitzel Financial Services Inc.

Weitzel Financial Services Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,022 shares of the exchange traded fund's stock after acquiring an additional 894 shares during the period. Invesco QQQ accounts for about 2.7% of Weitzel Financial Services Inc.'s investment portfolio, making the stock its 12th biggest holding. Weitzel Financial Services Inc.'s holdings in Invesco QQQ were worth $5,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC lifted its position in Invesco QQQ by 51,292.3% in the 4th 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 last quarter. Strategic Financial Concepts LLC lifted its position in Invesco QQQ by 47,853.9% in the 4th 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 purchasing an additional 4,105,389 shares during the last quarter. NWI Management LP lifted 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 purchasing an additional 3,648,000 shares during the last quarter. Senator Investment Group LP bought a new stake in Invesco QQQ in the 4th quarter valued at about $679,936,000. Finally, Artemis Wealth Advisors LLC lifted its position 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 purchasing an additional 895,277 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.9%

Invesco QQQ stock traded down $4.76 during trading hours on Friday, hitting $509.24. 58,324,904 shares of the company traded hands, compared to its average volume of 37,332,905. The firm has a market cap of $319.12 billion, a P/E ratio of 30.62 and a beta of 1.11. The firm's 50-day simple moving average is $474.84 and its two-hundred day simple moving average is $500.92. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco QQQ

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.