NorthRock Partners LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 163.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,945 shares of the exchange traded fund's stock after acquiring an additional 13,005 shares during the period. NorthRock Partners LLC's holdings in Invesco QQQ were worth $10,708,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock worth $9,468,000 after purchasing an additional 11,351 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $723,000. Grant Private Wealth Management Inc acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $815,000. Tandem Investment Partners LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $4,623,000. Finally, Gemsstock Ltd. raised its stake in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after acquiring an additional 213,400 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of NASDAQ QQQ traded up $2.26 during mid-day trading on Friday, hitting $521.51. The company had a trading volume of 47,717,535 shares, compared to its average volume of 36,812,740. The company has a market capitalization of $326.80 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The business's 50-day simple moving average is $470.91 and its 200 day simple moving average is $500.03.
Invesco QQQ Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
Invesco QQQ Profile
(
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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