Westwood Holdings Group Inc. raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 246.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,218 shares of the exchange traded fund's stock after buying an additional 27,178 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Invesco QQQ were worth $19,538,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Principal Financial Group Inc. boosted its stake 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 valued at $9,468,000 after purchasing an additional 11,351 shares in the last quarter. Wealth Group Ltd. lifted its position in shares of Invesco QQQ by 6.9% during the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after acquiring an additional 102 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $4,904,000. Capital & Planning LLC lifted its position in shares of Invesco QQQ by 5.0% during 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 acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $69,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ traded down $7.23 on Wednesday, reaching $513.04. 71,123,749 shares of the company traded hands, compared to its average volume of 37,140,754. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The company's 50 day moving average is $473.52 and its 200-day moving average is $500.61. The stock has a market capitalization of $321.50 billion, a PE ratio of 30.62 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders 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.
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