Invesco QQQ (NASDAQ:QQQ) Shares Bought by CRA Financial Services LLC

CRA Financial Services LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,751 shares of the exchange traded fund's stock after acquiring an additional 1,086 shares during the period. Invesco QQQ accounts for 3.2% of CRA Financial Services LLC's investment portfolio, making the stock its 5th biggest holding. CRA Financial Services LLC's holdings in Invesco QQQ were worth $18,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after buying an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Invesco QQQ by 0.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after acquiring an additional 27,115 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Invesco QQQ by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after acquiring an additional 52,235 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Invesco QQQ by 34.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after acquiring an additional 568,120 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.3%

Shares of Invesco QQQ stock traded down $6.70 during midday trading on Friday, reaching $526.96. The company had a trading volume of 55,743,632 shares, compared to its average volume of 38,429,078. The company has a market capitalization of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The stock has a fifty day simple moving average of $492.58 and a 200 day simple moving average of $502.75. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

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