First Trust Advisors LP Acquires Shares of 1,192 Invesco QQQ (NASDAQ:QQQ)

First Trust Advisors LP purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,192 shares of the exchange traded fund’s stock, valued at approximately $610,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Forum Financial Management LP boosted its position in shares of Invesco QQQ by 19.4% during the fourth quarter. Forum Financial Management LP now owns 5,335 shares of the exchange traded fund’s stock valued at $2,727,000 after buying an additional 867 shares during the last quarter. Freedom Investment Management Inc. boosted its holdings in shares of Invesco QQQ by 8.5% during the 4th quarter. Freedom Investment Management Inc. now owns 4,588 shares of the exchange traded fund’s stock valued at $2,346,000 after acquiring an additional 360 shares during the last quarter. Frederick Financial Consultants LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $595,000. Generation Capital Management LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $238,000. Finally, Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $35,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.0 %

NASDAQ:QQQ opened at $488.29 on Friday. The company has a 50 day simple moving average of $467.93 and a two-hundred day simple moving average of $499.29. The company has a market cap of $305.99 billion, a PE ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was 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.