Invesco QQQ (NASDAQ:QQQ) Shares Acquired by RiverFront Investment Group LLC

RiverFront Investment Group LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,784 shares of the exchange traded fund’s stock after acquiring an additional 14,377 shares during the quarter. Invesco QQQ comprises approximately 1.9% of RiverFront Investment Group LLC’s portfolio, making the stock its 17th largest holding. RiverFront Investment Group LLC’s holdings in Invesco QQQ were worth $85,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. PayPay Securities Corp increased its holdings in shares of 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 acquiring an additional 36 shares during the period. Roxbury Financial LLC purchased a new position in Invesco QQQ during the 4th quarter worth $37,000. Hoese & Co LLP increased its stake in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $51,000. Finally, Creative Capital Management Investments LLC grew its holdings in shares of Invesco QQQ by 740.0% during the fourth quarter. Creative Capital Management Investments LLC now owns 126 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 111 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.6 %

Invesco QQQ stock opened at $468.94 on Friday. The stock has a market capitalization of $295.55 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The stock has a 50 day moving average of $508.43 and a two-hundred day moving average of $504.77. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued 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.