CVA Family Office LLC Has $7.10 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

CVA Family Office LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,135 shares of the exchange traded fund's stock after purchasing an additional 1,593 shares during the period. Invesco QQQ makes up approximately 1.1% of CVA Family Office LLC's holdings, making the stock its 24th biggest position. CVA Family Office LLC's holdings in Invesco QQQ were worth $7,097,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HighMark Wealth Management LLC increased its stake in Invesco QQQ by 5.2% during the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after buying an additional 20 shares during the period. Providence First Trust Co boosted its holdings in shares of Invesco QQQ by 3.0% in the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after acquiring an additional 20 shares in the last quarter. Diversified Enterprises LLC increased its stake in shares of Invesco QQQ by 0.4% during the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after acquiring an additional 20 shares during the period. Prevail Innovative Wealth Advisors LLC raised its holdings in Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after purchasing an additional 20 shares in the last quarter. Finally, Legacy Investment Solutions LLC raised its holdings in Invesco QQQ by 8.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.3%

NASDAQ QQQ traded down $6.70 on Friday, reaching $526.96. 55,743,632 shares of the stock traded hands, compared to its average volume of 38,368,792. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company has a market cap of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The firm's fifty day simple moving average is $492.58 and its 200 day simple moving average is $502.76.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given 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.