Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 755,130 shares of the exchange traded fund’s stock after buying an additional 23,210 shares during the period. Invesco QQQ makes up approximately 17.5% of Main Management ETF Advisors LLC’s holdings, making the stock its biggest holding. Main Management ETF Advisors LLC owned 0.12% of Invesco QQQ worth $386,045,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of QQQ. Proficio Capital Partners LLC grew its stake in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the last quarter. PNC Financial Services Group Inc. grew its position 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 purchasing an additional 27,115 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Invesco QQQ by 2.2% in the 4th 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 buying an additional 52,235 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $515.59 on Wednesday. The company’s 50-day moving average price is $468.45 and its two-hundred day moving average price is $499.56. 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 $322.35 billion, a PE ratio of 30.62 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The business 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 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.