Invesco QQQ (NASDAQ:QQQ) Holdings Boosted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,425,300 shares of the exchange traded fund’s stock after buying an additional 52,235 shares during the quarter. Invesco QQQ accounts for about 1.8% of Commonwealth Equity Services LLC’s investment portfolio, making the stock its 5th largest position. Commonwealth Equity Services LLC owned approximately 0.39% of Invesco QQQ worth $1,239,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC grew its stake in shares of Invesco QQQ by 0.4% during the 4th 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. Planning Capital Management Corp grew its stake in shares of Invesco QQQ by 7.1% during the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares during the period. Cardinal Point Capital Management ULC grew its stake in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after purchasing an additional 20 shares during the period. Hoese & Co LLP grew its stake in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Finally, Farmers & Merchants Investments Inc. grew its stake 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 purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $476.92 on Thursday. The stock has a market capitalization of $300.58 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The firm’s 50 day simple moving average is $516.50 and its 200-day simple moving average is $503.88.

Invesco QQQ Dividend Announcement

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

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.