CV Advisors LLC Has $13.56 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

CV Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.4% in the fourth quarter, Holdings Channel reports. The fund owned 26,572 shares of the exchange traded fund’s stock after acquiring an additional 2,055 shares during the quarter. Invesco QQQ accounts for about 4.6% of CV Advisors LLC’s portfolio, making the stock its 7th largest position. CV Advisors LLC’s holdings in Invesco QQQ were worth $13,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Intrepid Financial Planning Group LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $1,726,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Invesco QQQ by 17.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 49,721 shares of the exchange traded fund’s stock valued at $25,419,000 after buying an additional 7,344 shares in the last quarter. Tidemark LLC lifted its stake in shares of Invesco QQQ by 1.7% during the 4th quarter. Tidemark LLC now owns 4,913 shares of the exchange traded fund’s stock valued at $2,512,000 after buying an additional 81 shares in the last quarter. Diversified Enterprises LLC lifted its stake in shares of Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $2,679,000 after buying an additional 20 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Invesco QQQ by 8.6% during the 4th quarter. Natixis Advisors LLC now owns 29,939 shares of the exchange traded fund’s stock valued at $15,306,000 after buying an additional 2,368 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 2.4 %

Shares of QQQ stock opened at $479.66 on Friday. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a market capitalization of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11. The firm’s 50 day moving average is $514.89 and its 200 day moving average is $503.85.

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 paid a $0.8347 dividend. The ex-dividend date of this dividend 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.