Private Capital Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,492 shares of the exchange traded fund's stock after buying an additional 517 shares during the quarter. Private Capital Management LLC's holdings in Invesco QQQ were worth $1,274,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Invesco QQQ by 141.0% in 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 during the period. Synergy Investment Management LLC acquired a new position in Invesco QQQ in the fourth quarter worth $723,000. Grant Private Wealth Management Inc acquired a new position in Invesco QQQ in the fourth quarter worth $815,000. Tandem Investment Partners LLC acquired a new position in Invesco QQQ in the fourth quarter worth $4,623,000. Finally, Gemsstock Ltd. boosted its holdings in Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after purchasing an additional 213,400 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Trading Up 0.4%
Invesco QQQ stock traded up $2.26 during mid-day trading on Friday, reaching $521.51. The company's stock had a trading volume of 47,717,535 shares, compared to its average volume of 36,808,704. The firm has a market cap of $326.80 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The business has a 50 day moving average price of $470.91 and a 200-day moving average price of $500.01. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued 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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