Intellus Advisors LLC Buys New Position in Invesco QQQ (NASDAQ:QQQ)

Intellus Advisors LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 121,952 shares of the exchange traded fund’s stock, valued at approximately $62,346,000. Invesco QQQ makes up approximately 10.8% of Intellus Advisors LLC’s holdings, making the stock its largest holding.

Several other hedge funds also recently added to or reduced their stakes in the business. Runnymede Capital Advisors Inc. acquired a new position in Invesco QQQ during the 4th quarter valued at about $8,104,000. Millstone Evans Group LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $96,000. Mindset Wealth Management LLC increased its position in Invesco QQQ by 12.3% during the 4th quarter. Mindset Wealth Management LLC now owns 1,623 shares of the exchange traded fund’s stock valued at $830,000 after buying an additional 178 shares in the last quarter. MRP Capital Investments LLC increased its holdings in shares of Invesco QQQ by 2,155.6% in the fourth quarter. MRP Capital Investments LLC now owns 203 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 194 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at about $263,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $480.84 on Friday. The stock’s 50-day simple moving average is $511.30 and its 200-day simple moving average is $503.85. The firm has a market capitalization of $303.05 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.8347 dividend. 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.