AssuredPartners Investment Advisors LLC Buys New Shares in Invesco QQQ (NASDAQ:QQQ)

AssuredPartners Investment Advisors LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,162 shares of the exchange traded fund’s stock, valued at approximately $594,000.

A number of other large investors have also recently added to or reduced their stakes in QQQ. Moment Partners LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $48,052,000. Worth Financial Advisory Group LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $326,000. Cottage Street Advisors LLC boosted its position in Invesco QQQ by 0.7% during the fourth quarter. Cottage Street Advisors LLC now owns 9,546 shares of the exchange traded fund’s stock worth $4,880,000 after purchasing an additional 71 shares during the period. Arlington Capital Management Inc. increased its holdings in shares of Invesco QQQ by 6.5% in the fourth quarter. Arlington Capital Management Inc. now owns 2,544 shares of the exchange traded fund’s stock valued at $1,300,000 after purchasing an additional 156 shares during the last quarter. Finally, Graney & King LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at about $113,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $481.62 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The company has a market capitalization of $303.54 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The company has a 50-day simple moving average of $509.49 and a 200 day simple moving average of $504.67.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders 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 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.