Seaview Investment Managers LLC Has $15.32 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Seaview Investment Managers LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 52.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,966 shares of the exchange traded fund’s stock after purchasing an additional 10,288 shares during the period. Invesco QQQ makes up about 4.2% of Seaview Investment Managers LLC’s portfolio, making the stock its 2nd biggest holding. Seaview Investment Managers LLC’s holdings in Invesco QQQ were worth $15,320,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. boosted its position in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in shares of Invesco QQQ by 15.9% during the 3rd quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund’s stock valued at $9,868,000 after acquiring an additional 2,767 shares in the last quarter. Advisory Resource Group grew 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 acquiring an additional 791 shares during the last quarter. Tudor Financial Inc. bought a new stake in Invesco QQQ during the 3rd quarter worth $3,376,000. Finally, Anchor Investment Management LLC increased its holdings in Invesco QQQ by 1.6% in the 3rd quarter. Anchor Investment Management LLC now owns 42,889 shares of the exchange traded fund’s stock worth $20,933,000 after purchasing an additional 693 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $443.82 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a market cap of $284.56 billion, a PE ratio of 30.05 and a beta of 1.11. The firm’s 50 day simple moving average is $482.54 and its 200 day simple moving average is $501.19.

Invesco QQQ Cuts Dividend

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