Vision Financial Markets LLC Purchases New Stake in Invesco QQQ (NASDAQ:QQQ)

Vision Financial Markets LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, Holdings Channel reports. The firm purchased 16,745 shares of the exchange traded fund’s stock, valued at approximately $8,561,000. Invesco QQQ makes up about 9.2% of Vision Financial Markets LLC’s portfolio, making the stock its biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its holdings in Invesco QQQ by 9.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 15,376 shares of the exchange traded fund’s stock worth $7,861,000 after purchasing an additional 1,382 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in Invesco QQQ by 11.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 5,702 shares of the exchange traded fund’s stock worth $2,915,000 after purchasing an additional 602 shares in the last quarter. Vantage Financial Partners LLC raised its holdings in Invesco QQQ by 8.5% in the 4th quarter. Vantage Financial Partners LLC now owns 20,919 shares of the exchange traded fund’s stock worth $10,694,000 after purchasing an additional 1,644 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in Invesco QQQ by 3.1% in the 4th quarter. Proficio Capital Partners LLC now owns 23,065 shares of the exchange traded fund’s stock worth $11,791,000 after purchasing an additional 687 shares in the last quarter. Finally, Boulder Wealth Advisors LLC bought a new position in Invesco QQQ in the 4th quarter worth $209,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $502.01 on Thursday. The company has a 50-day moving average of $520.28 and a 200 day moving average of $503.86. The firm has a market cap of $316.39 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 1 year low of $413.07 and a 1 year high of $540.81.

Invesco QQQ Dividend Announcement

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

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.