Gemsstock Ltd. Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Gemsstock Ltd. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 266.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 293,500 shares of the exchange traded fund’s stock after purchasing an additional 213,400 shares during the period. Invesco QQQ makes up about 30.1% of Gemsstock Ltd.’s holdings, making the stock its biggest position. Gemsstock Ltd.’s holdings in Invesco QQQ were worth $150,046,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC increased its holdings in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC raised its stake in Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after purchasing an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC raised its position in shares of Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after buying an additional 895,277 shares in the last quarter. Toronto Dominion Bank increased its stake in 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 valued at $2,080,052,000 after acquiring an additional 488,815 shares during the last quarter. Finally, Anchor Capital Management Group Inc bought a new stake in Invesco QQQ during the fourth quarter worth about $174,214,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 6.2 %

QQQ opened at $422.67 on Friday. The stock has a 50-day moving average price of $501.45 and a 200-day moving average price of $504.58. The stock has a market capitalization of $268.12 billion, a P/E ratio of 30.05 and a beta of 1.18. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be issued a $0.7157 dividend. 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.