Fiduciary Financial Group LLC Has $5.08 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Fiduciary Financial Group LLC raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 91.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,374 shares of the exchange traded fund's stock after purchasing an additional 5,433 shares during the quarter. Invesco QQQ accounts for approximately 1.1% of Fiduciary Financial Group LLC's investment portfolio, making the stock its 24th biggest position. Fiduciary Financial Group LLC's holdings in Invesco QQQ were worth $5,075,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. RAM Investment Partners LLC boosted its holdings in shares of Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after purchasing an additional 20 shares in the last quarter. HighMark Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after purchasing an additional 20 shares in the last quarter. Providence First Trust Co boosted its holdings in shares of Invesco QQQ by 3.0% during the 4th 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 boosted its holdings in shares of Invesco QQQ by 0.4% during the 4th 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 in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ by 4.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock valued at $247,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded down $1.80 during mid-day trading on Wednesday, hitting $532.41. 53,362,792 shares of the stock traded hands, compared to its average volume of 38,250,616. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company has a market cap of $333.63 billion, a PE ratio of 32.66 and a beta of 1.11. The firm has a 50 day simple moving average of $485.97 and a two-hundred day simple moving average of $502.25.

Invesco QQQ Cuts Dividend

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