Guardian Wealth Advisors LLC NC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,045 shares of the exchange traded fund's stock after purchasing an additional 821 shares during the quarter. Guardian Wealth Advisors LLC NC's holdings in Invesco QQQ were worth $4,113,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after acquiring an additional 11,351 shares in the last quarter. Synergy Investment Management LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $723,000. Grant Private Wealth Management Inc purchased a new position in Invesco QQQ during the 4th quarter valued at about $815,000. Tandem Investment Partners LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $4,623,000. Finally, Gemsstock Ltd. grew its stake in shares of Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after buying an additional 213,400 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ traded up $19.88 during trading hours on Monday, hitting $507.85. The stock had a trading volume of 44,875,626 shares, compared to its average volume of 36,547,797. The company has a market capitalization of $318.24 billion, a P/E ratio of 28.58 and a beta of 1.11. The firm's 50-day moving average price is $467.78 and its two-hundred day moving average price is $499.36. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.
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 paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Invesco QQQ Company Profile
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Free Report)
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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