Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 18.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,877 shares of the exchange traded fund's stock after purchasing an additional 34,273 shares during the period. Invesco QQQ accounts for about 1.3% of Integrated Wealth Concepts LLC's holdings, making the stock its 10th biggest position. Integrated Wealth Concepts LLC's holdings in Invesco QQQ were worth $110,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of QQQ. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at approximately $35,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth $37,000. Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Finally, Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the fourth quarter worth $51,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 1.0 %

Shares of NASDAQ:QQQ traded down $4.80 during trading on Monday, hitting $467.76. 22,173,000 shares of the company traded hands, compared to its average volume of 36,407,665. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The business's fifty day moving average is $474.40 and its 200-day moving average is $500.13. The stock has a market capitalization of $296.39 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ 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.