Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Cannell & Spears LLC

Cannell & Spears LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,508 shares of the exchange traded fund’s stock after acquiring an additional 203 shares during the quarter. Cannell & Spears LLC’s holdings in Invesco QQQ were worth $1,793,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. grew its stake in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the period. Hantz Financial Services Inc. boosted its holdings in Invesco QQQ by 2.3% during the third quarter. Hantz Financial Services Inc. now owns 2,483 shares of the exchange traded fund’s stock worth $1,212,000 after buying an additional 56 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Invesco QQQ during the third quarter valued at $791,000. Atom Investors LP increased its holdings in Invesco QQQ by 3.2% in the third quarter. Atom Investors LP now owns 7,717 shares of the exchange traded fund’s stock valued at $3,766,000 after buying an additional 237 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in shares of Invesco QQQ by 6,291.4% in the third quarter. Benjamin Edwards Inc. now owns 47,296 shares of the exchange traded fund’s stock worth $23,091,000 after acquiring an additional 46,556 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.0 %

NASDAQ:QQQ opened at $468.92 on Tuesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The stock’s 50-day moving average price is $507.38 and its 200-day moving average price is $505.32. The stock has a market capitalization of $297.46 billion, a PE ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders 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.