Carr Financial Group Corp Acquires 6,310 Shares of Invesco QQQ (NASDAQ:QQQ)

Carr Financial Group Corp raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 79.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,302 shares of the exchange traded fund's stock after acquiring an additional 6,310 shares during the quarter. Invesco QQQ comprises 2.2% of Carr Financial Group Corp's portfolio, making the stock its 11th largest position. Carr Financial Group Corp's holdings in Invesco QQQ were worth $6,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $51,000. Banque Transatlantique SA acquired a new stake in Invesco QQQ in the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc bought a new position in shares of Invesco QQQ during the fourth quarter worth $61,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $2.16 on Friday, hitting $526.83. The stock had a trading volume of 61,548,834 shares, compared to its average volume of 38,635,178. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company has a fifty day moving average price of $500.57 and a two-hundred day moving average price of $503.28.

Invesco QQQ Cuts Dividend

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

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.