Invesco QQQ (NASDAQ:QQQ) Holdings Increased by First Manhattan CO. LLC.

First Manhattan CO. LLC. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 2.5% in the 4th quarter, HoldingsChannel reports. The fund owned 8,787 shares of the exchange traded fund’s stock after acquiring an additional 212 shares during the period. First Manhattan CO. LLC.’s holdings in Invesco QQQ were worth $4,492,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after acquiring an additional 11,351 shares during the period. Wealth Group Ltd. grew its stake in shares of Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund’s stock worth $810,000 after purchasing an additional 102 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of Invesco QQQ by 4.4% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 3,115 shares of the exchange traded fund’s stock worth $1,592,000 after purchasing an additional 130 shares in the last quarter. Watts Gwilliam & Co. LLC raised its holdings in shares of Invesco QQQ by 17.4% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 10,518 shares of the exchange traded fund’s stock worth $5,419,000 after purchasing an additional 1,557 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in Invesco QQQ by 5,417.6% during the fourth quarter. Fortitude Family Office LLC now owns 9,711 shares of the exchange traded fund’s stock worth $4,964,000 after buying an additional 9,535 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $488.05 on Friday. The firm has a market cap of $305.84 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm’s 50 day moving average price is $467.78 and its two-hundred day moving average price is $499.24.

Invesco QQQ Cuts Dividend

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