Lepercq Multi Asset Fund Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Lepercq Multi Asset Fund acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 46,278 shares of the exchange traded fund’s stock, valued at approximately $23,659,000. Invesco QQQ makes up approximately 17.0% of Lepercq Multi Asset Fund’s investment portfolio, making the stock its 3rd biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. increased its holdings in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock valued at $8,477,000 after acquiring an additional 46 shares in the last quarter. Pettinga Financial Advisors LLC increased its holdings in shares of Invesco QQQ by 13.6% during the third quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock valued at $7,553,000 after acquiring an additional 1,854 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Invesco QQQ during the third quarter valued at $2,911,000. Assetmark Inc. increased its holdings in shares of Invesco QQQ by 2.1% during the third quarter. Assetmark Inc. now owns 26,866 shares of the exchange traded fund’s stock valued at $13,112,000 after acquiring an additional 556 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in shares of Invesco QQQ by 20.5% during the third quarter. Proficio Capital Partners LLC now owns 22,378 shares of the exchange traded fund’s stock valued at $10,922,000 after acquiring an additional 3,803 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $491.79 on Monday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business has a fifty day moving average price of $518.84 and a 200-day moving average price of $504.14. The company has a market capitalization of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.