1,983 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Seneschal Advisors LLC

Seneschal Advisors LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, Holdings Channel reports. The fund purchased 1,983 shares of the exchange traded fund’s stock, valued at approximately $1,014,000. Invesco QQQ comprises about 0.8% of Seneschal Advisors LLC’s holdings, making the stock its 17th biggest holding.

A number of other large investors have also recently bought and sold shares of QQQ. GAMMA Investing LLC lifted its position in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after acquiring an additional 2,059 shares during the period. Principal Financial Group Inc. raised its position in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after buying an additional 11,351 shares during the last quarter. NRI Wealth Management LC bought a new position in Invesco QQQ during the 4th quarter valued at $28,729,000. Garden State Investment Advisory Services LLC boosted its holdings in Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after acquiring an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC grew its stake in shares of Invesco QQQ by 16.8% in the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock worth $23,165,000 after acquiring an additional 6,518 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

QQQ opened at $446.18 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The firm has a market capitalization of $282.79 billion, a P/E ratio of 30.05 and a beta of 1.11. The company’s 50-day moving average is $491.73 and its 200 day moving average is $502.66.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date 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.