1,184 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,184 shares of the exchange traded fund's stock, valued at approximately $555,000.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQ. McElhenny Sheffield Capital Management LLC lifted its holdings in Invesco QQQ by 27.8% during the 1st quarter. McElhenny Sheffield Capital Management LLC now owns 3,714 shares of the exchange traded fund's stock worth $1,742,000 after buying an additional 807 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its stake in Invesco QQQ by 11.8% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 14,083 shares of the exchange traded fund's stock worth $6,604,000 after purchasing an additional 1,492 shares during the last quarter. FMB Wealth Management boosted its holdings in Invesco QQQ by 31.7% in the first quarter. FMB Wealth Management now owns 2,515 shares of the exchange traded fund's stock worth $1,179,000 after purchasing an additional 605 shares during the period. Yarger Wealth Strategies LLC increased its stake in Invesco QQQ by 75.4% during the first quarter. Yarger Wealth Strategies LLC now owns 6,412 shares of the exchange traded fund's stock valued at $3,007,000 after purchasing an additional 2,757 shares during the last quarter. Finally, Members Wealth LLC raised its holdings in shares of Invesco QQQ by 107.6% during the first quarter. Members Wealth LLC now owns 2,020 shares of the exchange traded fund's stock worth $947,000 after purchasing an additional 1,047 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.3%

NASDAQ QQQ traded up $7.01 during trading hours on Monday, reaching $533.97. The company's stock had a trading volume of 31,280,047 shares, compared to its average volume of 38,422,654. The business has a 50-day simple moving average of $492.58 and a 200 day simple moving average of $502.73. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The stock has a market cap of $334.61 billion, a PE ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders 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.

Invesco QQQ 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.