Kovitz Investment Group Partners LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 31.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,304 shares of the exchange traded fund's stock after buying an additional 15,794 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Invesco QQQ were worth $33,386,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of QQQ. SOA Wealth Advisors LLC. lifted its position in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after purchasing an additional 46 shares in the last quarter. McIlrath & Eck LLC raised its holdings in Invesco QQQ by 15.9% during the third quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund's stock worth $9,868,000 after purchasing an additional 2,767 shares in the last quarter. Advisory Resource Group raised its stake in Invesco QQQ by 5.8% during the 3rd quarter. Advisory Resource Group now owns 14,457 shares of the exchange traded fund's stock worth $7,056,000 after acquiring an additional 791 shares in the last quarter. Tudor Financial Inc. purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $3,376,000. Finally, Anchor Investment Management LLC lifted its stake in Invesco QQQ by 1.6% in the third quarter. Anchor Investment Management LLC now owns 42,889 shares of the exchange traded fund's stock valued at $20,933,000 after buying an additional 693 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Trading Down 1.2 %
Shares of QQQ traded down $5.71 during mid-day trading on Wednesday, hitting $469.82. 20,194,268 shares of the company's stock were exchanged, compared to its average volume of 36,394,456. The business's 50 day moving average is $471.82 and its two-hundred day moving average is $499.81. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm has a market capitalization of $297.70 billion, a P/E ratio of 28.58 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.
About Invesco QQQ
(
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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