Point72 Europe London LLP Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Point72 Europe London LLP increased its position in Invesco QQQ (NASDAQ:QQQ) by 196.5% in the 4th quarter, HoldingsChannel reports. The fund owned 115,931 shares of the exchange traded fund’s stock after buying an additional 76,831 shares during the quarter. Invesco QQQ makes up about 3.4% of Point72 Europe London LLP’s holdings, making the stock its 5th largest holding. Point72 Europe London LLP’s holdings in Invesco QQQ were worth $59,267,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in QQQ. Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC raised its stake in 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 purchasing an additional 4,105,389 shares during the period. NWI Management LP boosted its stake in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. Senator Investment Group LP bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $679,936,000. Finally, Artemis Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 1,337.4% during 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 during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $518.68 on Thursday. The company has a market cap of $324.28 billion, a P/E ratio of 30.62 and a beta of 1.18. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The firm’s fifty day moving average is $468.98 and its two-hundred day moving average is $499.70.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.