Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 28.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,692 shares of the exchange traded fund's stock after purchasing an additional 3,952 shares during the quarter. Invesco QQQ accounts for approximately 1.3% of Quadcap Wealth Management LLC's investment portfolio, making the stock its 10th largest position. Quadcap Wealth Management LLC's holdings in Invesco QQQ were worth $9,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Proficio Capital Partners LLC increased its stake in shares of Invesco QQQ by 51,292.3% in 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 buying an additional 11,478,188 shares during the period. Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after acquiring an additional 27,115 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after acquiring an additional 52,235 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.4%

QQQ stock traded up $2.26 during trading on Friday, hitting $521.51. The company had a trading volume of 47,717,535 shares, compared to its average volume of 36,808,704. The stock has a market cap of $326.80 billion, a PE ratio of 30.62 and a beta of 1.11. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The business has a 50-day moving average of $470.91 and a 200-day moving average of $500.01.

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 given a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.