Invesco QQQ (NASDAQ:QQQ) is Transamerica Financial Advisors Inc.’s 3rd Largest Position

Transamerica Financial Advisors Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,754 shares of the exchange traded fund’s stock after acquiring an additional 2,242 shares during the period. Invesco QQQ makes up 3.1% of Transamerica Financial Advisors Inc.’s portfolio, making the stock its 3rd biggest position. Transamerica Financial Advisors Inc.’s holdings in Invesco QQQ were worth $31,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its holdings 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 acquiring an additional 46 shares during the last quarter. FMR LLC raised its holdings in shares of Invesco QQQ by 1.7% in the third quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock worth $379,751,000 after buying an additional 13,338 shares during the period. Glenmede Trust Co. NA boosted its holdings in Invesco QQQ by 13.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 29,459 shares of the exchange traded fund’s stock valued at $14,378,000 after acquiring an additional 3,553 shares during the period. Fiduciary Trust Co boosted its stake in shares of Invesco QQQ by 4.4% during the third quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund’s stock valued at $2,688,000 after purchasing an additional 230 shares during the period. Finally, Financial Counselors Inc. boosted its holdings in shares of Invesco QQQ by 4.1% in the third quarter. Financial Counselors Inc. now owns 10,300 shares of the exchange traded fund’s stock valued at $5,027,000 after purchasing an additional 410 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $468.94 on Friday. The firm has a market capitalization of $295.55 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The business’s 50-day moving average is $508.43 and its two-hundred day moving average is $504.77.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.7157 per share. 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.