Cahill Financial Advisors Inc. Has $2.57 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Cahill Financial Advisors Inc. boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 163.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,024 shares of the exchange traded fund's stock after purchasing an additional 3,120 shares during the period. Cahill Financial Advisors Inc.'s holdings in Invesco QQQ were worth $2,568,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in shares of Invesco QQQ by 51,292.3% in 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 period. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after buying an additional 4,105,389 shares during the period. Senator Investment Group LP bought a new stake in shares of Invesco QQQ in the 4th quarter valued at $679,936,000. Artemis Wealth Advisors LLC lifted 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 acquiring an additional 895,277 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after acquiring an additional 756,990 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.4 %

QQQ traded up $1.89 during midday trading on Wednesday, hitting $483.30. The company had a trading volume of 37,946,580 shares, compared to its average volume of 36,404,223. The stock's 50 day moving average price is $468.61 and its 200 day moving average price is $499.45. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company has a market capitalization of $302.86 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

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 dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

Invesco QQQ Company 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.