Invesco QQQ (NASDAQ:QQQ) Shares Bought by Somerset Group LLC

Somerset Group LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,996 shares of the exchange traded fund’s stock after purchasing an additional 286 shares during the quarter. Invesco QQQ comprises about 6.5% of Somerset Group LLC’s holdings, making the stock its 3rd largest holding. Somerset Group LLC’s holdings in Invesco QQQ were worth $7,155,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. lifted its holdings in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares during the last quarter. King Luther Capital Management Corp lifted its stake in shares of Invesco QQQ by 9.1% in the 3rd quarter. King Luther Capital Management Corp now owns 9,138 shares of the exchange traded fund’s stock valued at $4,460,000 after purchasing an additional 766 shares during the last quarter. L & S Advisors Inc grew its holdings in shares of Invesco QQQ by 1.8% during the 3rd quarter. L & S Advisors Inc now owns 2,191 shares of the exchange traded fund’s stock worth $1,069,000 after purchasing an additional 38 shares during the period. Darden Wealth Group Inc increased its position in shares of Invesco QQQ by 2.0% during the 3rd quarter. Darden Wealth Group Inc now owns 2,139 shares of the exchange traded fund’s stock worth $1,044,000 after purchasing an additional 41 shares during the last quarter. Finally, Valence8 US LP raised its holdings in Invesco QQQ by 14.9% in the 3rd quarter. Valence8 US LP now owns 88,149 shares of the exchange traded fund’s stock valued at $43,023,000 after buying an additional 11,438 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $480.84 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a market capitalization of $303.05 billion, a P/E ratio of 30.74 and a beta of 1.11. The firm’s 50-day moving average is $511.30 and its two-hundred day moving average is $503.85.

Invesco QQQ Announces Dividend

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