61,000 Shares in Invesco QQQ (NASDAQ:QQQ) Purchased by Wilmar Advisors LLC

Wilmar Advisors LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 61,000 shares of the exchange traded fund’s stock, valued at approximately $31,185,000. Invesco QQQ accounts for approximately 28.8% of Wilmar Advisors LLC’s holdings, making the stock its largest holding.

Other hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC lifted its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock valued at $2,769,000 after acquiring an additional 19 shares during the period. Northeast Investment Management raised its stake in Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares in the last quarter. Planning Capital Management Corp lifted its position in Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 20 shares during the period. Cardinal Point Capital Management ULC grew its stake in Invesco QQQ by 0.5% during the fourth quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after buying an additional 20 shares in the last quarter. Finally, Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.6 %

Shares of NASDAQ:QQQ opened at $508.30 on Friday. The firm has a 50 day moving average of $522.05 and a 200-day moving average of $503.28. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a market capitalization of $320.36 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid 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.