Catalyst Private Wealth LLC Buys 594 Shares of Invesco QQQ (NASDAQ:QQQ)

Catalyst Private Wealth LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,053 shares of the exchange traded fund's stock after purchasing an additional 594 shares during the period. Catalyst Private Wealth LLC's holdings in Invesco QQQ were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in QQQ. Wealth Group Ltd. increased its stake in shares of Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after purchasing an additional 102 shares during the period. Tallon Kerry Patrick bought a new position in shares of Invesco QQQ during the fourth quarter worth approximately $4,904,000. Capital & Planning LLC increased its stake in Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after acquiring an additional 229 shares during the period. Naviter Wealth LLC increased its stake in Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after acquiring an additional 107 shares during the period. Finally, Eagle Capital Management LLC increased its stake in Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $5.01 during mid-day trading on Tuesday, reaching $528.22. 21,961,979 shares of the company were exchanged, compared to its average volume of 37,646,142. The company has a fifty day simple moving average of $478.83 and a 200-day simple moving average of $501.16. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The firm has a market cap of $339.57 billion, a PE ratio of 32.66 and a beta of 1.18.

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 paid a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.