Blair William & Co. IL Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

Blair William & Co. IL raised its stake in Invesco QQQ (NASDAQ:QQQ) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 253,793 shares of the exchange traded fund’s stock after purchasing an additional 20,454 shares during the quarter. Blair William & Co. IL’s holdings in Invesco QQQ were worth $129,747,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. AssuredPartners Investment Advisors LLC bought a new position in Invesco QQQ in the 4th quarter worth $594,000. Moment Partners LLC bought a new position in Invesco QQQ during the fourth quarter valued at $48,052,000. Worth Financial Advisory Group LLC purchased a new position in Invesco QQQ in the fourth quarter worth about $326,000. Cottage Street Advisors LLC boosted its holdings in shares of Invesco QQQ by 0.7% in the 4th quarter. Cottage Street Advisors LLC now owns 9,546 shares of the exchange traded fund’s stock worth $4,880,000 after purchasing an additional 71 shares during the period. Finally, Arlington Capital Management Inc. increased its position in Invesco QQQ by 6.5% during the fourth quarter. Arlington Capital Management Inc. now owns 2,544 shares of the exchange traded fund’s stock valued at $1,300,000 after acquiring an additional 156 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.8 %

NASDAQ QQQ opened at $484.38 on Thursday. The stock has a market cap of $305.28 billion, a PE ratio of 30.74 and a beta of 1.11. The company’s 50-day moving average price is $510.12 and its 200-day moving average price is $504.83. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date of this dividend 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.