A&I Financial Services LLC Purchases Shares of 400 Invesco QQQ (NASDAQ:QQQ)

A&I Financial Services LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, HoldingsChannel reports. The firm purchased 400 shares of the exchange traded fund’s stock, valued at approximately $204,000.

A number of other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC increased its position in shares of Invesco QQQ by 51,292.3% during the fourth 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 during the last quarter. Toronto Dominion Bank boosted 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 valued at $2,080,052,000 after purchasing an additional 488,815 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of 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. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Invesco QQQ by 0.8% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,840,025 shares of the exchange traded fund’s stock valued at $940,676,000 after purchasing an additional 13,772 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Invesco QQQ by 0.3% in the third quarter. Stifel Financial Corp now owns 871,333 shares of the exchange traded fund’s stock valued at $425,324,000 after purchasing an additional 2,572 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $500.27 on Friday. The firm has a 50 day simple moving average of $522.25 and a 200-day simple moving average of $502.61. Invesco QQQ has a one year low of $413.07 and a one year high of $540.81. The firm has a market cap of $315.30 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

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