Financial Partners Group LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 82.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,642 shares of the exchange traded fund's stock after acquiring an additional 1,650 shares during the period. Financial Partners Group LLC's holdings in Invesco QQQ were worth $1,708,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the 4th quarter worth $36,000. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the 4th quarter worth about $51,000. Banque Transatlantique SA acquired a new stake in Invesco QQQ in the 4th quarter valued at about $57,000. Finally, Perritt Capital Management Inc purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $61,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of Invesco QQQ stock opened at $529.08 on Wednesday. The business has a 50-day simple moving average of $496.20 and a 200-day simple moving average of $503.08. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.
Invesco QQQ Cuts Dividend
The company 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.
About Invesco QQQ
(
Free Report)
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.
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