Leigh Baldwin & CO. LLC Purchases Shares of 430,525 Invesco QQQ (NASDAQ:QQQ)

Leigh Baldwin & CO. LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 430,525 shares of the exchange traded fund's stock, valued at approximately $220,097,000. Invesco QQQ accounts for 1.2% of Leigh Baldwin & CO. LLC's investment portfolio, making the stock its 21st biggest holding. Leigh Baldwin & CO. LLC owned about 0.07% of Invesco QQQ as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its stake in shares of Invesco QQQ by 51,292.3% during the fourth 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 acquiring an additional 11,478,188 shares during the period. Ameriprise Financial Inc. grew its holdings 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 during the period. Strategic Financial Concepts LLC grew its holdings in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. grew its holdings in Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock worth $1,593,354,000 after acquiring an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.0%

Shares of NASDAQ QQQ opened at $488.05 on Monday. The stock's fifty day simple moving average is $467.78 and its 200 day simple moving average is $499.36. The stock has a market capitalization of $305.84 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. 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 announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date 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.

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