Invesco QQQ (NASDAQ:QQQ) Stake Raised by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 28.8% during the fourth quarter, HoldingsChannel reports. The firm owned 17,692 shares of the exchange traded fund’s stock after buying an additional 3,952 shares during the quarter. Invesco QQQ comprises 1.3% of Quadcap Wealth Management LLC’s holdings, making the stock its 10th largest position. Quadcap Wealth Management LLC’s holdings in Invesco QQQ were worth $9,045,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of QQQ. Proficio Capital Partners LLC boosted its position in shares of 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 worth $5,879,434,000 after purchasing an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 47,853.9% during the 4th 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 acquiring an additional 4,105,389 shares during the period. NWI Management LP boosted its holdings in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock worth $331,277,000 after buying an additional 3,648,000 shares during the last quarter. Senator Investment Group LP acquired a new stake in Invesco QQQ in the 4th quarter worth about $679,936,000. Finally, Artemis Wealth Advisors LLC boosted its holdings 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 worth $423,470,000 after purchasing an additional 895,277 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $518.68 on Thursday. The stock has a market cap of $324.28 billion, a P/E ratio of 30.62 and a beta of 1.18. The stock’s 50 day simple moving average is $468.98 and its 200-day simple moving average is $499.70. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

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

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.