Envestnet Asset Management Inc. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,968,980 shares of the exchange traded fund’s stock after selling 184,887 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.47% of Invesco QQQ worth $1,517,832,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. PayPay Securities Corp grew its holdings in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $37,000. Hoese & Co LLP increased its holdings 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 last quarter. Midwest Capital Advisors LLC acquired a new position in Invesco QQQ in the fourth quarter valued at about $51,000. Finally, Perritt Capital Management Inc acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $61,000. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Price Performance
Shares of QQQ stock opened at $422.67 on Friday. The stock has a 50-day moving average of $501.45 and a 200-day moving average of $504.37. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The stock has a market cap of $268.12 billion, a PE ratio of 30.05 and a beta of 1.18.
Invesco QQQ Cuts Dividend
About Invesco QQQ
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.
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