Arete Wealth Advisors LLC Buys 5,927 Shares of Invesco QQQ (NASDAQ:QQQ)

Arete Wealth Advisors LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 9.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 69,465 shares of the exchange traded fund’s stock after acquiring an additional 5,927 shares during the quarter. Invesco QQQ accounts for 2.6% of Arete Wealth Advisors LLC’s investment portfolio, making the stock its 4th largest position. Arete Wealth Advisors LLC’s holdings in Invesco QQQ were worth $35,544,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. SOA Wealth Advisors LLC. increased its stake in 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 valued at $8,477,000 after purchasing an additional 46 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Invesco QQQ in the third quarter valued at about $791,000. Ingalls & Snyder LLC grew its stake in Invesco QQQ by 7.4% in the 3rd quarter. Ingalls & Snyder LLC now owns 3,161 shares of the exchange traded fund’s stock valued at $1,543,000 after acquiring an additional 219 shares during the last quarter. Murchinson Ltd. purchased a new stake in shares of Invesco QQQ in the third quarter valued at $30,504,000. Finally, Polymer Capital Management HK LTD grew its stake in Invesco QQQ by 23.3% in the 3rd quarter. Polymer Capital Management HK LTD now owns 1,911 shares of the exchange traded fund’s stock worth $933,000 after acquiring an additional 361 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $476.15 on Thursday. The stock has a market capitalization of $302.05 billion, a PE ratio of 30.05 and a beta of 1.18. The company’s 50 day simple moving average is $505.23 and its 200 day simple moving average is $505.09. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

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

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.