Tocqueville Asset Management L.P. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 195.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,188 shares of the exchange traded fund’s stock after acquiring an additional 6,078 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Invesco QQQ were worth $4,697,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% during the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth $37,000. Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the period. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $51,000. Finally, Legacy Bridge LLC boosted its holdings in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
Shares of NASDAQ QQQ opened at $474.54 on Wednesday. The company has a market cap of $299.08 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The stock’s 50-day moving average is $513.24 and its two-hundred day moving average is $504.15. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81.
Invesco QQQ Announces Dividend
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.
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