Invesco QQQ (NASDAQ:QQQ) is ETF Portfolio Partners Inc.'s 7th Largest Position

ETF Portfolio Partners Inc. lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 42.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,385 shares of the exchange traded fund's stock after purchasing an additional 9,296 shares during the period. Invesco QQQ comprises approximately 4.4% of ETF Portfolio Partners Inc.'s holdings, making the stock its 7th biggest position. ETF Portfolio Partners Inc.'s holdings in Invesco QQQ were worth $14,717,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wilkins Miller Wealth Management LLC bought a new stake in Invesco QQQ during the 4th quarter worth approximately $1,018,000. Synergy Investment Management LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $723,000. Grant Private Wealth Management Inc purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $815,000. Tandem Investment Partners LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $4,623,000. Finally, Gemsstock Ltd. grew its holdings in Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after buying an additional 213,400 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ traded up $1.47 during trading on Wednesday, reaching $528.77. 41,230,680 shares of the company traded hands, compared to its average volume of 37,764,064. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm has a fifty day simple moving average of $479.75 and a 200 day simple moving average of $501.34. The company has a market cap of $339.92 billion, a P/E ratio of 32.66 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The business also recently disclosed 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 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.