Sims Investment Management LLC Acquires Shares of 10,403 Invesco QQQ (NASDAQ:QQQ)

Sims Investment Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,403 shares of the exchange traded fund’s stock, valued at approximately $5,319,000. Invesco QQQ accounts for approximately 3.0% of Sims Investment Management LLC’s holdings, making the stock its 9th biggest holding.

Several other institutional investors also recently bought and sold shares of QQQ. Proficio Capital Partners LLC boosted 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 worth $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC boosted 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 worth $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in shares of Invesco QQQ by 0.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock worth $940,676,000 after purchasing an additional 13,772 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Invesco QQQ by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock worth $425,324,000 after purchasing an additional 2,572 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $508.30 on Friday. The firm has a market capitalization of $320.36 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The company’s fifty day moving average is $522.05 and its two-hundred day moving average is $503.00.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.