Ipsen Advisor Group LLC Takes Position in Invesco QQQ (NASDAQ:QQQ)

Ipsen Advisor Group LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,085 shares of the exchange traded fund’s stock, valued at approximately $1,577,000. Invesco QQQ accounts for approximately 1.3% of Ipsen Advisor Group LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other large investors have also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. boosted its stake in shares of Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares during the last quarter. Davis R M Inc. boosted its position in Invesco QQQ by 3.2% in the 3rd quarter. Davis R M Inc. now owns 3,789 shares of the exchange traded fund’s stock worth $1,849,000 after purchasing an additional 118 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Invesco QQQ by 95.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 558 shares during the period. Blue Investment Partners LLC increased its holdings in shares of Invesco QQQ by 5.2% during the 3rd quarter. Blue Investment Partners LLC now owns 2,006 shares of the exchange traded fund’s stock valued at $979,000 after purchasing an additional 100 shares in the last quarter. Finally, Elios Financial Group Inc. acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at $1,533,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $493.46 on Wednesday. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The firm’s fifty day moving average is $510.77 and its 200 day moving average is $504.97. The firm has a market cap of $311.00 billion, a PE ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be paid a $0.7157 dividend. The ex-dividend date is Monday, March 24th.

About Invesco QQQ

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.