Moment Partners LLC Invests $48.05 Million in Invesco QQQ (NASDAQ:QQQ)

Moment Partners LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 93,993 shares of the exchange traded fund’s stock, valued at approximately $48,052,000. Invesco QQQ comprises approximately 9.2% of Moment Partners LLC’s holdings, making the stock its 3rd largest position.

Several other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its holdings in 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 last quarter. Strategic Financial Concepts LLC boosted its position 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 valued at $2,103,184,000 after buying an additional 4,105,389 shares during the period. Artemis Wealth Advisors LLC grew its stake 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 valued at $423,470,000 after buying an additional 895,277 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares during the period. Finally, Cibc World Market Inc. lifted its stake in shares of Invesco QQQ by 90.0% during the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after acquiring an additional 324,948 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.8 %

QQQ stock opened at $484.38 on Thursday. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The firm has a market cap of $305.28 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The business’s fifty day simple moving average is $510.12 and its two-hundred day simple moving average is $504.83.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend is 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.