Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,199,820 shares of the exchange traded fund's stock after purchasing an additional 568,120 shares during the period. Price T Rowe Associates Inc. MD owned 0.35% of Invesco QQQ worth $1,124,614,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. lifted its stake in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock worth $8,477,000 after acquiring an additional 46 shares during the period. McIlrath & Eck LLC lifted its position in Invesco QQQ by 15.9% in the third quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund's stock valued at $9,868,000 after purchasing an additional 2,767 shares during the period. Advisory Resource Group increased its position 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 purchasing an additional 791 shares during the period. Tudor Financial Inc. purchased a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $3,376,000. Finally, Anchor Investment Management LLC raised its stake in shares of Invesco QQQ by 1.6% during the 3rd quarter. Anchor Investment Management LLC now owns 42,889 shares of the exchange traded fund's stock worth $20,933,000 after buying an additional 693 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.1 %

Shares of Invesco QQQ stock traded down $5.15 during trading on Monday, reaching $467.41. The company's stock had a trading volume of 16,800,851 shares, compared to its average volume of 36,388,454. The business has a 50 day moving average price of $474.40 and a 200-day moving average price of $500.13. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market capitalization of $296.17 billion, a P/E ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. The ex-dividend date is Monday, March 24th.

About Invesco QQQ

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.