May Barnhard Investments LLC Buys New Holdings in Invesco QQQ (NASDAQ:QQQ)

May Barnhard Investments LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,459 shares of the exchange traded fund’s stock, valued at approximately $7,392,000. Invesco QQQ comprises about 3.5% of May Barnhard Investments LLC’s portfolio, making the stock its 6th biggest position.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC increased its position in Invesco QQQ by 47,853.9% in the 4th 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 acquiring an additional 4,105,389 shares during the period. Artemis Wealth Advisors LLC boosted its position in Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock worth $423,470,000 after acquiring an additional 895,277 shares during the period. Toronto Dominion Bank grew its stake in shares of 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 worth $2,080,052,000 after purchasing an additional 488,815 shares in the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of Invesco QQQ by 90.0% during 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 purchasing an additional 324,948 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.8 %

QQQ stock opened at $468.34 on Friday. The company has a market capitalization of $295.17 billion, a P/E ratio of 33.43 and a beta of 1.11. The company has a 50-day simple moving average of $515.67 and a 200 day simple moving average of $503.63. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Announces Dividend

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

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.