Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Cottage Street Advisors LLC

Cottage Street Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 101.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,256 shares of the exchange traded fund's stock after purchasing an additional 9,710 shares during the period. Invesco QQQ accounts for about 4.3% of Cottage Street Advisors LLC's investment portfolio, making the stock its 4th largest holding. Cottage Street Advisors LLC's holdings in Invesco QQQ were worth $9,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new stake in Invesco QQQ during the 4th quarter valued at $4,904,000. Naviter Wealth LLC raised its position in Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after buying an additional 107 shares during the period. Eagle Capital Management LLC lifted its stake in Invesco QQQ by 0.3% in 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 in the last quarter. Brighton Jones LLC lifted its position in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $14,209,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.4%

Shares of NASDAQ QQQ traded down $2.16 during mid-day trading on Friday, reaching $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 twelve month low of $402.39 and a twelve month high of $540.81. The stock's 50 day moving average is $500.57 and its 200-day moving average is $503.28.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. 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.