Headlands Technologies LLC Acquires Shares of 19,791 Invesco QQQ (NASDAQ:QQQ)

Headlands Technologies LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,791 shares of the exchange traded fund’s stock, valued at approximately $10,118,000. Invesco QQQ accounts for about 1.0% of Headlands Technologies LLC’s holdings, making the stock its 12th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Proficio Capital Partners LLC increased its stake 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. Strategic Financial Concepts LLC grew its holdings 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 worth $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC lifted its position in 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 worth $423,470,000 after buying an additional 895,277 shares during the period. Toronto Dominion Bank boosted its position 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 acquiring an additional 488,815 shares during the last quarter. Finally, Cibc World Market Inc. increased its holdings 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 buying an additional 324,948 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $468.92 on Tuesday. The firm has a market capitalization of $297.46 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. The company’s 50 day moving average price is $507.38 and its 200 day moving average price is $505.32. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced 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 is Monday, March 24th.

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.