EWG Elevate Inc. Has $5.18 Million Stake in Invesco QQQ (NASDAQ:QQQ)

EWG Elevate Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 58.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,049 shares of the exchange traded fund's stock after buying an additional 4,059 shares during the quarter. Invesco QQQ makes up 1.9% of EWG Elevate Inc.'s portfolio, making the stock its 13th largest position. EWG Elevate Inc.'s holdings in Invesco QQQ were worth $5,181,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Buska Wealth Management LLC raised its position in Invesco QQQ by 8.3% during the first quarter. Buska Wealth Management LLC now owns 33,887 shares of the exchange traded fund's stock worth $15,890,000 after acquiring an additional 2,605 shares in the last quarter. Kwmg LLC raised its holdings in shares of Invesco QQQ by 0.4% in the 1st quarter. Kwmg LLC now owns 50,089 shares of the exchange traded fund's stock valued at $23,488,000 after purchasing an additional 219 shares during the period. Capital Asset Advisory Services LLC lifted its stake in Invesco QQQ by 1.7% in the 1st quarter. Capital Asset Advisory Services LLC now owns 7,387 shares of the exchange traded fund's stock valued at $3,517,000 after purchasing an additional 122 shares during the last quarter. McLean Asset Management Corp lifted its stake in Invesco QQQ by 8.6% in the 1st quarter. McLean Asset Management Corp now owns 1,359 shares of the exchange traded fund's stock valued at $637,000 after purchasing an additional 108 shares during the last quarter. Finally, ETF Portfolio Partners Inc. grew its holdings in Invesco QQQ by 42.1% during the first quarter. ETF Portfolio Partners Inc. now owns 31,385 shares of the exchange traded fund's stock worth $14,717,000 after purchasing an additional 9,296 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.8%

NASDAQ:QQQ traded down $3.98 on Thursday, hitting $524.79. The company's stock had a trading volume of 59,917,527 shares, compared to its average volume of 37,910,585. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The firm has a market capitalization of $337.36 billion, a P/E ratio of 32.66 and a beta of 1.18. The stock has a fifty day moving average of $480.94 and a two-hundred day moving average of $501.53.

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 issued a dividend of $0.7157 per share. 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.