Invesco QQQ (NASDAQ:QQQ) Shares Bought by First Manhattan CO. LLC.

First Manhattan CO. LLC. increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,787 shares of the exchange traded fund’s stock after buying an additional 212 shares during the period. First Manhattan CO. LLC.’s holdings in Invesco QQQ were worth $4,492,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of QQQ. Principal Financial Group Inc. boosted 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 valued at $9,468,000 after purchasing an additional 11,351 shares during the period. Synergy Investment Management LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth about $723,000. Grant Private Wealth Management Inc acquired a new stake in shares of Invesco QQQ in the 4th quarter worth about $815,000. Tandem Investment Partners LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $4,623,000. Finally, Gemsstock Ltd. boosted its stake in Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.0 %

NASDAQ QQQ opened at $488.05 on Friday. The company has a 50-day moving average price of $467.78 and a two-hundred day moving average price of $499.24. The stock has a market cap of $305.84 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

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