Chatham Capital Group Inc. Acquires 934 Shares of Invesco QQQ (NASDAQ:QQQ)

Chatham Capital Group Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 22,893 shares of the exchange traded fund's stock after purchasing an additional 934 shares during the quarter. Invesco QQQ accounts for 1.8% of Chatham Capital Group Inc.'s portfolio, making the stock its 11th largest position. Chatham Capital Group Inc.'s holdings in Invesco QQQ were worth $10,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $1,018,000. Synergy Investment Management LLC purchased a new stake in Invesco QQQ in the 4th quarter worth about $723,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ during the 4th quarter worth about $815,000. Tandem Investment Partners LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $4,623,000. Finally, Gemsstock Ltd. increased its holdings in shares of Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after purchasing an additional 213,400 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $5.13 during mid-day trading on Friday, reaching $529.92. The company had a trading volume of 42,389,151 shares, compared to its average volume of 37,947,538. The stock has a fifty day moving average of $482.06 and a two-hundred day moving average of $501.70. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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