Main Management ETF Advisors LLC Has $386.05 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Main Management ETF Advisors LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 755,130 shares of the exchange traded fund’s stock after purchasing an additional 23,210 shares during the quarter. Invesco QQQ makes up 17.5% of Main Management ETF Advisors LLC’s holdings, making the stock its largest position. Main Management ETF Advisors LLC’s holdings in Invesco QQQ were worth $386,045,000 at the end of the most recent reporting period.

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

Invesco QQQ Stock Performance

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

Invesco QQQ Cuts Dividend

The business also recently disclosed 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.

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.