Proficio Capital Partners LLC Acquires 11,478,188 Shares of Invesco QQQ (NASDAQ:QQQ)

Proficio Capital Partners LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 51,292.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,500,566 shares of the exchange traded fund’s stock after acquiring an additional 11,478,188 shares during the period. Invesco QQQ accounts for about 3.4% of Proficio Capital Partners LLC’s investment portfolio, making the stock its 5th largest holding. Proficio Capital Partners LLC’s holdings in Invesco QQQ were worth $5,879,434,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Strategic Financial Concepts LLC raised its position in 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 purchasing an additional 4,105,389 shares during the period. Artemis Wealth Advisors LLC increased its holdings in 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 increased its holdings in Invesco QQQ by 13.0% in the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund’s stock valued at $2,080,052,000 after buying an additional 488,815 shares during the last quarter. Cibc World Market Inc. increased its holdings in Invesco QQQ by 90.0% in the fourth quarter. Cibc World Market Inc. now owns 686,117 shares of the exchange traded fund’s stock valued at $350,764,000 after buying an additional 324,948 shares during the last quarter. Finally, Bell Bank increased its holdings in Invesco QQQ by 112.7% in the fourth quarter. Bell Bank now owns 381,080 shares of the exchange traded fund’s stock valued at $194,820,000 after buying an additional 201,918 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2 %

Shares of Invesco QQQ stock opened at $514.56 on Thursday. The business has a 50-day moving average price of $522.53 and a 200 day moving average price of $502.62. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81. The firm has a market cap of $324.30 billion, a P/E ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

About Invesco QQQ

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.