Wedbush Securities Inc. Buys 1,581 Shares of Invesco QQQ (NASDAQ:QQQ)

Wedbush Securities Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 87,370 shares of the exchange traded fund’s stock after purchasing an additional 1,581 shares during the period. Invesco QQQ comprises approximately 1.6% of Wedbush Securities Inc.’s portfolio, making the stock its 7th largest holding. Wedbush Securities Inc.’s holdings in Invesco QQQ were worth $44,666,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted 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 worth $1,712,000 after acquiring an additional 2,059 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after purchasing an additional 11,351 shares in the last quarter. NRI Wealth Management LC acquired a new stake in Invesco QQQ during the fourth quarter worth approximately $28,729,000. Garden State Investment Advisory Services LLC lifted its position in shares of 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 buying an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC boosted its holdings 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 valued at $23,165,000 after buying an additional 6,518 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $422.67 on Friday. The stock’s 50-day moving average is $501.45 and its two-hundred day moving average is $504.37. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81. The firm has a market cap of $268.12 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

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