Invesco QQQ (NASDAQ:QQQ) is EHP Funds Inc.'s 2nd Largest Position

EHP Funds Inc. raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 50.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,600 shares of the exchange traded fund's stock after purchasing an additional 8,900 shares during the period. Invesco QQQ accounts for approximately 12.6% of EHP Funds Inc.'s investment portfolio, making the stock its 2nd biggest holding. EHP Funds Inc.'s holdings in Invesco QQQ were worth $13,599,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in QQQ. Proficio Capital Partners LLC grew its holdings in shares of Invesco QQQ by 51,292.3% during 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 last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Invesco QQQ by 47,853.9% in 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 purchasing an additional 4,105,389 shares during the period. Senator Investment Group LP purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $679,936,000. Artemis Wealth Advisors LLC boosted its position in Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after buying an additional 895,277 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after buying an additional 756,990 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.9 %

Shares of NASDAQ QQQ opened at $481.41 on Wednesday. The company has a 50 day simple moving average of $468.61 and a two-hundred day simple moving average of $499.45. The stock has a market cap of $301.68 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

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 given a dividend of $0.7157 per share. The ex-dividend date 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.

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