Amundi Has $53.74 Million Position in Invesco QQQ (NASDAQ:QQQ)

Amundi increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,303 shares of the exchange traded fund’s stock after purchasing an additional 12,015 shares during the period. Amundi’s holdings in Invesco QQQ were worth $53,744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in QQQ. GAMMA Investing LLC raised its holdings in Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after acquiring an additional 2,059 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Invesco QQQ by 141.0% in the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares in the last quarter. NRI Wealth Management LC acquired a new position in Invesco QQQ in the 4th quarter valued at $28,729,000. Garden State Investment Advisory Services LLC raised its holdings 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 valued at $15,169,000 after acquiring an additional 3,581 shares in the last quarter. Finally, Silverleafe Capital Partners LLC increased its stake in shares of Invesco QQQ by 16.8% in the 4th 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 during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of QQQ opened at $471.60 on Wednesday. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The business’s fifty day moving average is $517.19 and its 200-day moving average is $504.07. The firm has a market cap of $297.23 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The firm also recently declared 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 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.