Alteri Wealth LLC Makes New $1.30 Million Investment in Invesco QQQ (NASDAQ:QQQ)

Alteri Wealth LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,546 shares of the exchange traded fund's stock, valued at approximately $1,302,000.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its position in Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after buying an additional 4,105,389 shares during the last quarter. Senator Investment Group LP bought a new stake in Invesco QQQ during the fourth quarter worth $679,936,000. Artemis Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 1,337.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after purchasing an additional 895,277 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. acquired a new stake in Invesco QQQ in the 4th quarter valued at about $344,530,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.6 %

NASDAQ:QQQ traded down $2.90 on Monday, hitting $485.93. The company's stock had a trading volume of 28,208,878 shares, compared to its average volume of 36,358,868. The firm has a market capitalization of $304.51 billion, a P/E ratio of 28.58 and a beta of 1.11. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The stock has a fifty day moving average of $469.56 and a two-hundred day moving average of $499.64.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was 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.