Invesco QQQ (NASDAQ:QQQ) is Proficio Capital Partners LLC’s 5th Largest Position

Proficio Capital Partners LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 51,292.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,500,566 shares of the exchange traded fund’s stock after buying an additional 11,478,188 shares during the period. Invesco QQQ comprises 3.4% of Proficio Capital Partners LLC’s investment portfolio, making the stock its 5th biggest holding. Proficio Capital Partners LLC owned approximately 1.82% of Invesco QQQ worth $5,879,434,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new position in Invesco QQQ in the 4th quarter valued at approximately $37,000. Hoese & Co LLP increased its position in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 20 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ during the fourth quarter worth $51,000. Finally, Legacy Bridge LLC increased its position in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 45 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $514.56 on Thursday. The stock has a fifty day moving average of $522.53 and a two-hundred day moving average of $502.62. The company has a market capitalization of $324.30 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.