Ancora Advisors LLC Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Ancora Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,098 shares of the exchange traded fund's stock after buying an additional 1,531 shares during the quarter. Ancora Advisors LLC's holdings in Invesco QQQ were worth $8,741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Proficio Capital Partners LLC boosted its holdings in shares of Invesco QQQ by 51,292.3% during the 4th 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 purchasing an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Invesco QQQ by 47,853.9% in the 4th 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 last quarter. Senator Investment Group LP purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $679,936,000. Artemis Wealth Advisors LLC increased its position in shares of Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after purchasing an additional 895,277 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at $344,530,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $2.90 during trading hours on Monday, hitting $485.93. 28,208,878 shares of the company's stock traded hands, compared to its average volume of 36,358,868. The business has a fifty day moving average price of $469.56 and a 200-day moving average price of $499.64. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm has a market capitalization of $304.51 billion, a P/E ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders 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.