Erste Asset Management GmbH Buys Shares of 3,473 Invesco QQQ (NASDAQ:QQQ)

Erste Asset Management GmbH purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, Holdings Channel reports. The fund purchased 3,473 shares of the exchange traded fund’s stock, valued at approximately $1,776,000.

Several other large investors also recently made changes to their positions in the stock. Rakuten Securities Inc. boosted its holdings in shares of Invesco QQQ by 25.0% during the 4th quarter. Rakuten Securities Inc. now owns 6,866 shares of the exchange traded fund’s stock worth $3,510,000 after buying an additional 1,375 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Invesco QQQ by 5.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 401,704 shares of the exchange traded fund’s stock valued at $205,363,000 after acquiring an additional 21,242 shares during the period. Liberty Wealth Management LLC grew its position in shares of Invesco QQQ by 0.8% in the fourth quarter. Liberty Wealth Management LLC now owns 2,758 shares of the exchange traded fund’s stock valued at $1,410,000 after purchasing an additional 22 shares during the last quarter. Great Lakes Advisors LLC increased its stake in shares of Invesco QQQ by 20.0% in the fourth quarter. Great Lakes Advisors LLC now owns 3,028 shares of the exchange traded fund’s stock worth $1,548,000 after purchasing an additional 504 shares during the period. Finally, Truvestments Capital LLC boosted its stake in Invesco QQQ by 1.0% during the 4th quarter. Truvestments Capital LLC now owns 36,014 shares of the exchange traded fund’s stock valued at $18,411,000 after purchasing an additional 368 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.4 %

Shares of NASDAQ QQQ 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 company has a market cap of $302.31 billion, a P/E ratio of 33.43 and a beta of 1.11. The business’s 50 day moving average is $514.89 and its two-hundred day moving average is $503.66.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. 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.