Arete Wealth Advisors LLC Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Arete Wealth Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.3% in the 4th quarter, Holdings Channel reports. The firm owned 69,465 shares of the exchange traded fund’s stock after acquiring an additional 5,927 shares during the quarter. Invesco QQQ comprises approximately 2.6% of Arete Wealth Advisors LLC’s holdings, making the stock its 4th biggest position. Arete Wealth Advisors LLC’s holdings in Invesco QQQ were worth $35,544,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock worth $1,712,000 after buying an additional 2,059 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the last quarter. NRI Wealth Management LC bought a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $28,729,000. Garden State Investment Advisory Services LLC increased its position in Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 3,581 shares during the period. Finally, Silverleafe Capital Partners LLC raised its stake in shares of Invesco QQQ by 16.8% in the fourth quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock valued at $23,165,000 after purchasing an additional 6,518 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.7 %

QQQ stock opened at $476.15 on Thursday. The firm has a market cap of $302.05 billion, a P/E ratio of 30.05 and a beta of 1.18. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The business’s 50 day moving average is $505.23 and its 200-day moving average is $505.09.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued 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.