Invesco QQQ (NASDAQ:QQQ) is CCG Wealth Management LLC's 7th Largest Position

CCG Wealth Management LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,387 shares of the exchange traded fund's stock after purchasing an additional 906 shares during the period. Invesco QQQ makes up 2.6% of CCG Wealth Management LLC's investment portfolio, making the stock its 7th biggest holding. CCG Wealth Management LLC's holdings in Invesco QQQ were worth $4,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Proficio Capital Partners LLC raised its stake in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. NWI Management LP raised its stake in shares of Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $679,936,000. Finally, Artemis Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 1,337.4% in the fourth 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. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $2.16 on Friday, hitting $526.83. The company had a trading volume of 61,548,834 shares, compared to its average volume of 38,635,178. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a 50 day moving average of $500.57 and a 200-day moving average of $503.28.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.