Humankind Investments LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 86,575 shares of the exchange traded fund's stock, valued at approximately $44,260,000. Invesco QQQ makes up approximately 11.3% of Humankind Investments LLC's investment portfolio, making the stock its 2nd largest holding.
A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in shares of Invesco QQQ by 141.0% in 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 acquiring an additional 11,351 shares during the last quarter. Wealth Group Ltd. boosted its holdings in Invesco QQQ by 6.9% in the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after purchasing an additional 102 shares in the last quarter. ORG Partners LLC increased its stake in Invesco QQQ by 9.8% in the fourth quarter. ORG Partners LLC now owns 1,631 shares of the exchange traded fund's stock valued at $834,000 after purchasing an additional 146 shares during the last quarter. RMR Wealth Builders raised its holdings in Invesco QQQ by 1.2% during the fourth quarter. RMR Wealth Builders now owns 11,446 shares of the exchange traded fund's stock worth $5,852,000 after purchasing an additional 131 shares in the last quarter. Finally, City Center Advisors LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $1,067,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Trading Up 1.3%
NASDAQ:QQQ traded up $6.51 during midday trading on Tuesday, hitting $514.36. 9,383,536 shares of the company were exchanged, compared to its average volume of 36,460,896. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The company has a market capitalization of $321.58 billion, a PE ratio of 30.62 and a beta of 1.18. The company has a fifty day simple moving average of $467.90 and a 200 day simple moving average of $499.45.
Invesco QQQ Cuts Dividend
The company 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 of this dividend was Monday, March 24th.
About Invesco QQQ
(
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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