Invesco QQQ (NASDAQ:QQQ) Shares Bought by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,070 shares of the exchange traded fund’s stock after buying an additional 53 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in Invesco QQQ were worth $2,592,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Stephens Consulting LLC lifted its position in Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after purchasing an additional 19 shares during the period. Hoese & Co LLP raised its position in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after acquiring an additional 20 shares during the period. RAM Investment Partners LLC lifted its holdings in shares of Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after acquiring an additional 20 shares during the period. Finally, HighMark Wealth Management LLC boosted its position in shares of Invesco QQQ by 5.2% during the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock worth $208,000 after acquiring an additional 20 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ opened at $521.51 on Monday. The firm has a 50 day simple moving average of $470.91 and a two-hundred day simple moving average of $500.15. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a market cap of $326.80 billion, a P/E ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was 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.