Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,572 shares of the exchange traded fund’s stock after purchasing an additional 483 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Invesco QQQ were worth $30,966,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of QQQ. Proficio Capital Partners LLC raised 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 worth $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC raised its position in Invesco QQQ by 47,853.9% in 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 acquiring an additional 4,105,389 shares in the last quarter. NWI Management LP raised its position in Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after acquiring an additional 3,648,000 shares in the last quarter. Senator Investment Group LP purchased a new position in Invesco QQQ in the fourth quarter worth $679,936,000. Finally, Artemis Wealth Advisors LLC raised its position in Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after acquiring an additional 895,277 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $509.24 on Friday. The stock has a fifty day moving average price of $474.84 and a two-hundred day moving average price of $500.89. The stock has a market capitalization of $319.12 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given 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.