Invesco QQQ (NASDAQ:QQQ) Shares Bought by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 31.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,598 shares of the exchange traded fund’s stock after purchasing an additional 856 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Invesco QQQ were worth $1,839,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. increased its position in Invesco QQQ by 141.0% during the 3rd 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 in the last quarter. Wealth Group Ltd. grew its holdings in shares of Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund’s stock worth $810,000 after buying an additional 102 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its position in shares of Invesco QQQ by 4.4% in the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 3,115 shares of the exchange traded fund’s stock valued at $1,592,000 after buying an additional 130 shares during the last quarter. Watts Gwilliam & Co. LLC lifted its stake in shares of Invesco QQQ by 17.4% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 10,518 shares of the exchange traded fund’s stock valued at $5,419,000 after buying an additional 1,557 shares during the period. Finally, Fortitude Family Office LLC boosted its position in Invesco QQQ by 5,417.6% during the fourth quarter. Fortitude Family Office LLC now owns 9,711 shares of the exchange traded fund’s stock worth $4,964,000 after acquiring an additional 9,535 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $488.05 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The stock has a market capitalization of $305.84 billion, a P/E ratio of 28.58 and a beta of 1.11. The company has a 50 day moving average price of $467.78 and a two-hundred day moving average price of $499.24.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was 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.