Atlas Private Wealth Advisors grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 126.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,291 shares of the exchange traded fund's stock after buying an additional 30,308 shares during the period. Invesco QQQ accounts for approximately 3.5% of Atlas Private Wealth Advisors' portfolio, making the stock its 7th largest holding. Atlas Private Wealth Advisors' holdings in Invesco QQQ were worth $25,462,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $1,018,000. Synergy Investment Management LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $723,000. Grant Private Wealth Management Inc bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $815,000. Tandem Investment Partners LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $4,623,000. Finally, Gemsstock Ltd. increased its position in shares of Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after acquiring an additional 213,400 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Performance
Shares of NASDAQ:QQQ traded down $0.09 during midday trading on Wednesday, hitting $528.99. 43,199,146 shares of the stock traded hands, compared to its average volume of 38,467,839. The business's 50 day moving average is $496.20 and its two-hundred day moving average is $503.08. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend 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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