Baird Financial Group Inc. Has $167.39 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Baird Financial Group Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 327,433 shares of the exchange traded fund's stock after buying an additional 12,627 shares during the quarter. Baird Financial Group Inc. owned approximately 0.05% of Invesco QQQ worth $167,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PayPay Securities Corp lifted its stake in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares during the period. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $37,000. Finally, Hoese & Co LLP boosted its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after buying an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $4.52 during mid-day trading on Tuesday, hitting $481.41. The company had a trading volume of 31,484,778 shares, compared to its average volume of 36,368,973. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The firm has a fifty day moving average price of $468.98 and a 200 day moving average price of $499.58. The company has a market capitalization of $301.68 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently disclosed 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 of this dividend 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.