Berkeley Capital Partners LLC Invests $10.07 Million in Invesco QQQ (NASDAQ:QQQ)

Berkeley Capital Partners LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 19,696 shares of the exchange traded fund’s stock, valued at approximately $10,069,000. Invesco QQQ comprises 2.8% of Berkeley Capital Partners LLC’s investment portfolio, making the stock its 5th largest holding.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Toronto Dominion Bank grew its stake in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after buying an additional 27,115 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock valued at $1,239,886,000 after buying an additional 52,235 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $480.89 on Thursday. The company has a fifty day moving average price of $512.55 and a 200-day moving average price of $503.99. The firm has a market capitalization of $303.08 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Dividend Announcement

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

Invesco QQQ 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.