Invesco QQQ (NASDAQ:QQQ) Position Lifted by Alliancebernstein L.P.

Alliancebernstein L.P. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,693 shares of the exchange traded fund’s stock after acquiring an additional 1,686 shares during the period. Alliancebernstein L.P.’s holdings in Invesco QQQ were worth $46,876,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QQQ. D L Carlson Investment Group Inc. grew its position in shares of Invesco QQQ by 4.7% in the 4th quarter. D L Carlson Investment Group Inc. now owns 1,290 shares of the exchange traded fund’s stock worth $659,000 after acquiring an additional 58 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Invesco QQQ by 3.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 21,561 shares of the exchange traded fund’s stock worth $11,050,000 after purchasing an additional 649 shares during the period. Prevail Innovative Wealth Advisors LLC increased its stake in Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock valued at $247,000 after purchasing an additional 20 shares during the last quarter. Walled Lake Planning & Wealth Management LLC raised its holdings in shares of Invesco QQQ by 6.0% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 658 shares of the exchange traded fund’s stock worth $336,000 after purchasing an additional 37 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Invesco QQQ by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 136,665 shares of the exchange traded fund’s stock worth $70,420,000 after buying an additional 1,182 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $422.67 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The company has a 50-day simple moving average of $501.45 and a 200-day simple moving average of $504.37. The firm has a market capitalization of $268.12 billion, a PE ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a dividend of $0.7157 per share. 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.