Invesco QQQ (NASDAQ:QQQ) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 21.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,377 shares of the exchange traded fund’s stock after buying an additional 19,758 shares during the period. Invesco QQQ makes up about 0.6% of Orion Portfolio Solutions LLC’s investment portfolio, making the stock its 27th largest holding. Orion Portfolio Solutions LLC’s holdings in Invesco QQQ were worth $56,939,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of QQQ. Proficio Capital Partners LLC increased its holdings in 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 valued at $5,879,434,000 after buying an additional 11,478,188 shares during the period. Strategic Financial Concepts LLC increased its stake in shares of Invesco QQQ by 47,853.9% in the fourth 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 buying an additional 4,105,389 shares in the last quarter. Artemis Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after buying an additional 895,277 shares during the last quarter. Toronto Dominion Bank lifted its position in Invesco QQQ by 13.0% during the 3rd quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock worth $2,080,052,000 after buying an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. lifted its position in Invesco QQQ by 90.0% during the 4th quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock worth $350,764,000 after buying an additional 324,948 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.6 %

Shares of QQQ stock opened at $481.62 on Friday. The firm has a market capitalization of $303.54 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The firm’s 50 day moving average is $509.49 and its 200-day moving average is $504.67. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

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