Invesco QQQ (NASDAQ:QQQ) is Sassicaia Capital Advisers LLC's Largest Position

Sassicaia Capital Advisers LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 330.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,600 shares of the exchange traded fund's stock after buying an additional 4,300 shares during the quarter. Invesco QQQ comprises approximately 69.2% of Sassicaia Capital Advisers LLC's investment portfolio, making the stock its largest holding. Sassicaia Capital Advisers LLC's holdings in Invesco QQQ were worth $2,863,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC grew its position in 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 buying an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of Invesco QQQ by 47,853.9% during the 4th 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 in the last quarter. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $679,936,000. Artemis Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after purchasing an additional 895,277 shares in the last quarter. Finally, Susquehanna Advisors Group Inc. acquired a new position in Invesco QQQ in the 4th quarter worth about $344,530,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.3 %

QQQ traded down $6.08 during trading on Wednesday, hitting $469.45. The company's stock had a trading volume of 22,275,436 shares, compared to its average volume of 36,400,396. The firm has a market capitalization of $297.47 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The business's fifty day simple moving average is $471.82 and its 200 day simple moving average is $499.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.