Invesco QQQ (NASDAQ:QQQ) is Ausdal Financial Partners Inc.’s 10th Largest Position

Ausdal Financial Partners Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 9.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 29,215 shares of the exchange traded fund’s stock after purchasing an additional 2,443 shares during the period. Invesco QQQ makes up 1.3% of Ausdal Financial Partners Inc.’s investment portfolio, making the stock its 10th largest holding. Ausdal Financial Partners Inc.’s holdings in Invesco QQQ were worth $14,936,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. grew its position in Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares during the last quarter. Davis R M Inc. boosted its holdings in shares of Invesco QQQ by 3.2% in the third quarter. Davis R M Inc. now owns 3,789 shares of the exchange traded fund’s stock valued at $1,849,000 after acquiring an additional 118 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Invesco QQQ by 95.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 558 shares in the last quarter. Blue Investment Partners LLC increased its stake in shares of Invesco QQQ by 5.2% during the third quarter. Blue Investment Partners LLC now owns 2,006 shares of the exchange traded fund’s stock worth $979,000 after acquiring an additional 100 shares during the period. Finally, Elios Financial Group Inc. purchased a new position in Invesco QQQ during the third quarter worth about $1,533,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.6 %

Shares of QQQ opened at $493.46 on Wednesday. The stock’s 50 day moving average is $510.77 and its two-hundred day moving average is $504.97. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a market capitalization of $311.00 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.