Humankind Investments LLC Buys Shares of 86,575 Invesco QQQ (NASDAQ:QQQ)

Humankind Investments LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 86,575 shares of the exchange traded fund’s stock, valued at approximately $44,260,000. Invesco QQQ makes up approximately 11.3% of Humankind Investments LLC’s portfolio, making the stock its 2nd biggest position.

A number of other hedge funds have also made changes to their positions in QQQ. Proficio Capital Partners LLC boosted its position in Invesco QQQ by 51,292.3% in 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 in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after acquiring an additional 756,990 shares in the last quarter. Strategic Financial Concepts LLC grew its position in 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 during the last quarter. PNC Financial Services Group Inc. increased its holdings in Invesco QQQ by 0.9% during the 4th 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 grew its holdings in Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after acquiring an additional 52,235 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $488.05 on Friday. The firm has a market capitalization of $305.84 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. The business’s fifty day moving average price is $467.78 and its two-hundred day moving average price is $499.31. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

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