Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Arrow Financial Corp

Arrow Financial Corp lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,458 shares of the exchange traded fund's stock after buying an additional 15,092 shares during the quarter. Invesco QQQ makes up about 7.6% of Arrow Financial Corp's investment portfolio, making the stock its 2nd largest holding. Arrow Financial Corp's holdings in Invesco QQQ were worth $79,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. GAMMA Investing LLC boosted its stake in Invesco QQQ by 159.6% in the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock valued at $1,712,000 after acquiring an additional 2,059 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after buying an additional 11,351 shares during the last quarter. NRI Wealth Management LC acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $28,729,000. Garden State Investment Advisory Services LLC raised its stake in Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock valued at $15,169,000 after acquiring an additional 3,581 shares in the last quarter. Finally, Silverleafe Capital Partners LLC boosted its position in Invesco QQQ by 16.8% during the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock worth $23,165,000 after acquiring an additional 6,518 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ traded down $1.00 during trading hours on Monday, reaching $487.83. 17,243,510 shares of the company's stock traded hands, compared to its average volume of 36,317,022. The firm has a market capitalization of $305.70 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The business's fifty day simple moving average is $469.56 and its two-hundred day simple moving average is $499.64. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

Invesco QQQ Company 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.