Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Excalibur Management Corp

Excalibur Management Corp boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,371 shares of the exchange traded fund’s stock after purchasing an additional 140 shares during the quarter. Excalibur Management Corp’s holdings in Invesco QQQ were worth $701,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in QQQ. SOA Wealth Advisors LLC. lifted its holdings in Invesco QQQ by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after purchasing an additional 46 shares during the period. Davis R M Inc. boosted its stake in Invesco QQQ by 3.2% during the third quarter. Davis R M Inc. now owns 3,789 shares of the exchange traded fund’s stock valued at $1,849,000 after buying an additional 118 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Invesco QQQ by 95.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,145 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 558 shares in the last quarter. Blue Investment Partners LLC raised its position in shares of Invesco QQQ by 5.2% during the third quarter. Blue Investment Partners LLC now owns 2,006 shares of the exchange traded fund’s stock worth $979,000 after purchasing an additional 100 shares during the period. Finally, Elios Financial Group Inc. purchased a new position in Invesco QQQ in the 3rd quarter worth about $1,533,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ opened at $493.46 on Wednesday. The business’s 50-day moving average is $510.77 and its 200-day moving average is $504.97. The company has a market capitalization of $311.00 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $413.07 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a $0.7157 dividend. The ex-dividend date 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.