Pamplona Capital Management LLC Acquires New Position in Invesco QQQ (NASDAQ:QQQ)

Pamplona Capital Management LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,284 shares of the exchange traded fund’s stock, valued at approximately $1,168,000. Invesco QQQ comprises 0.2% of Pamplona Capital Management LLC’s investment portfolio, making the stock its 6th biggest position.

Other hedge funds have also modified their holdings of the company. SOA Wealth Advisors LLC. increased its holdings in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after buying an additional 46 shares in the last quarter. FMR LLC grew its holdings in Invesco QQQ by 1.7% in the 3rd quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock valued at $379,751,000 after buying an additional 13,338 shares during the period. Glenmede Trust Co. NA raised its position in shares of Invesco QQQ by 13.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 29,459 shares of the exchange traded fund’s stock worth $14,378,000 after buying an additional 3,553 shares during the period. Fiduciary Trust Co grew its holdings in shares of Invesco QQQ by 4.4% during the 3rd quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund’s stock worth $2,688,000 after purchasing an additional 230 shares during the period. Finally, Financial Counselors Inc. boosted its position in Invesco QQQ by 4.1% during the 3rd quarter. Financial Counselors Inc. now owns 10,300 shares of the exchange traded fund’s stock worth $5,027,000 after purchasing an additional 410 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 2.6 %

QQQ opened at $468.94 on Friday. The firm’s 50 day moving average is $508.43 and its 200-day moving average is $504.77. The firm has a market capitalization of $295.55 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given 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.