CPR Investments Inc. Trims Holdings in Invesco QQQ (NASDAQ:QQQ)

CPR Investments Inc. lowered its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 62.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,662 shares of the exchange traded fund's stock after selling 4,446 shares during the period. Invesco QQQ comprises 1.1% of CPR Investments Inc.'s holdings, making the stock its 26th largest position. CPR Investments Inc.'s holdings in Invesco QQQ were worth $1,248,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of QQQ. Proficio Capital Partners LLC increased its position in 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 buying an additional 11,478,188 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Invesco QQQ by 47,853.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. NWI Management LP increased its holdings in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC increased its holdings in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the last quarter. Finally, Senator Investment Group LP bought a new stake in Invesco QQQ in the 4th quarter valued at about $679,936,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $5.31 during trading on Friday, hitting $530.10. 34,865,217 shares of the company's stock traded hands, compared to its average volume of 45,133,129. The stock has a market capitalization of $332.19 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The business has a 50 day moving average of $482.06 and a 200-day moving average of $501.70.

Invesco QQQ Cuts Dividend

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