Commonwealth Equity Services LLC Buys 52,235 Shares of Invesco QQQ (NASDAQ:QQQ)

Commonwealth Equity Services LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 2.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,425,300 shares of the exchange traded fund’s stock after purchasing an additional 52,235 shares during the quarter. Invesco QQQ comprises 1.8% of Commonwealth Equity Services LLC’s investment portfolio, making the stock its 5th biggest position. Commonwealth Equity Services LLC’s holdings in Invesco QQQ were worth $1,239,886,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in QQQ. Proficio Capital Partners LLC lifted 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 purchasing an additional 11,478,188 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Invesco QQQ by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Invesco QQQ by 47,853.9% in 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock valued at $1,593,354,000 after purchasing an additional 27,115 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp lifted its holdings in Invesco QQQ by 0.8% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after purchasing an additional 13,772 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $476.92 on Thursday. The stock’s fifty day moving average is $516.50 and its two-hundred day moving average is $503.88. The firm has a market capitalization of $300.58 billion, a P/E ratio of 33.43 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date 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.