Invesco QQQ (NASDAQ:QQQ) Stock Position Boosted by Absolute Capital Management LLC

Absolute Capital Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,430 shares of the exchange traded fund’s stock after acquiring an additional 1,000 shares during the period. Invesco QQQ accounts for about 5.2% of Absolute Capital Management LLC’s holdings, making the stock its 2nd biggest position. Absolute Capital Management LLC’s holdings in Invesco QQQ were worth $9,422,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of QQQ. Proficio Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. Artemis Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after purchasing an additional 895,277 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Finally, Cibc World Market Inc. lifted its holdings in shares of Invesco QQQ by 90.0% during the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after purchasing an additional 324,948 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $479.26 on Friday. The stock has a fifty day moving average price of $511.83 and a 200 day moving average price of $503.82. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a market cap of $302.05 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.8347 per share. 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.