Main Management LLC Has $87.23 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Main Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 170,623 shares of the exchange traded fund’s stock after acquiring an additional 3,527 shares during the period. Invesco QQQ accounts for 7.1% of Main Management LLC’s portfolio, making the stock its 4th largest holding. Main Management LLC’s holdings in Invesco QQQ were worth $87,227,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Proficio Capital Partners LLC grew its stake in shares of Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after buying an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. NWI Management LP lifted its holdings in shares of Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. Senator Investment Group LP purchased a new position in Invesco QQQ in the fourth quarter worth about $679,936,000. Finally, Artemis Wealth Advisors LLC grew its position in Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after acquiring an additional 895,277 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $515.59 on Wednesday. The company has a market cap of $322.35 billion, a PE ratio of 30.62 and a beta of 1.18. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock’s 50 day simple moving average is $468.45 and its two-hundred day simple moving average is $499.56.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was 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.