Panoramic Capital Partners LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,009 shares of the exchange traded fund's stock, valued at approximately $473,000. Invesco QQQ comprises 0.4% of Panoramic Capital Partners LLC's investment portfolio, making the stock its 24th largest position.
Other large investors have also recently made changes to their positions in the company. Wealth Group Ltd. increased its holdings in Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after buying an additional 102 shares in the last quarter. Tallon Kerry Patrick bought a new stake in Invesco QQQ in the 4th quarter worth about $4,904,000. Capital & Planning LLC increased its holdings in Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after buying an additional 229 shares in the last quarter. Naviter Wealth LLC increased its holdings in Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after buying an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC increased its holdings in Invesco QQQ by 0.3% in the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after buying an additional 185 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
NASDAQ QQQ traded down $1.80 during trading hours on Wednesday, hitting $532.41. The company's stock had a trading volume of 53,362,792 shares, compared to its average volume of 38,250,616. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company's 50 day simple moving average is $485.97 and its two-hundred day simple moving average is $502.25. The company has a market cap of $333.63 billion, a P/E ratio of 32.66 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
About Invesco QQQ
(
Free Report)
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.
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