Hippocratic Financial Advisors LLC Acquires New Stake in Invesco QQQ (NASDAQ:QQQ)

Hippocratic Financial Advisors LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, Holdings Channel.com reports. The fund bought 535 shares of the exchange traded fund’s stock, valued at approximately $273,000. Invesco QQQ accounts for about 0.2% of Hippocratic Financial Advisors LLC’s investment portfolio, making the stock its 20th largest holding.

A number of other large investors have also made changes to their positions in QQQ. SOA Wealth Advisors LLC. boosted its stake in shares of Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after acquiring an additional 46 shares during the last quarter. FMR LLC lifted its position in Invesco QQQ by 1.7% during the third quarter. FMR LLC now owns 778,065 shares of the exchange traded fund’s stock valued at $379,751,000 after purchasing an additional 13,338 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Invesco QQQ by 13.7% during the third quarter. Glenmede Trust Co. NA now owns 29,459 shares of the exchange traded fund’s stock valued at $14,378,000 after purchasing an additional 3,553 shares during the period. BNP Paribas bought a new stake in Invesco QQQ during the third quarter valued at about $62,000. Finally, Fiduciary Trust Co increased its position in Invesco QQQ by 4.4% in the third quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund’s stock worth $2,688,000 after buying an additional 230 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.6 %

QQQ stock opened at $481.62 on Friday. The business’s 50-day moving average price is $509.49 and its 200-day moving average price is $504.67. The stock has a market cap of $303.54 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

About Invesco QQQ

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.