Invesco QQQ (NASDAQ:QQQ) is Point72 Europe London LLP's 5th Largest Position

Point72 Europe London LLP lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 196.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 115,931 shares of the exchange traded fund's stock after purchasing an additional 76,831 shares during the quarter. Invesco QQQ accounts for about 3.4% of Point72 Europe London LLP's holdings, making the stock its 5th largest position. Point72 Europe London LLP's holdings in Invesco QQQ were worth $59,267,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Proficio Capital Partners LLC grew its stake 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 stake in shares of Invesco QQQ by 47,853.9% during 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 buying an additional 4,105,389 shares during the period. NWI Management LP increased its position in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the period. Senator Investment Group LP purchased a new position in shares of Invesco QQQ during the fourth quarter valued at about $679,936,000. Finally, Artemis Wealth Advisors LLC raised its position in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after acquiring an additional 895,277 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $518.68 on Thursday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm has a market cap of $324.28 billion, a price-to-earnings ratio of 30.62 and a beta of 1.18. The company has a 50-day moving average of $468.98 and a 200 day moving average of $499.70.

Invesco QQQ Cuts Dividend

The company also recently declared 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.

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.

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