Invesco QQQ (NASDAQ:QQQ) Stake Lifted by Flagstar Advisors Inc.

Flagstar Advisors Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,163 shares of the exchange traded fund's stock after purchasing an additional 1,024 shares during the quarter. Invesco QQQ makes up 3.4% of Flagstar Advisors Inc.'s holdings, making the stock its 4th biggest position. Flagstar Advisors Inc.'s holdings in Invesco QQQ were worth $13,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after acquiring an additional 4,105,389 shares during the last quarter. NWI Management LP grew its holdings in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Finally, Senator Investment Group LP purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $679,936,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.1%

QQQ stock traded up $0.73 during trading on Thursday, hitting $529.50. 34,096,379 shares of the company's stock were exchanged, compared to its average volume of 37,809,516. The stock has a market capitalization of $340.39 billion, a price-to-earnings ratio of 32.66 and a beta of 1.18. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The business has a 50-day moving average price of $480.94 and a two-hundred day moving average price of $501.53.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

About Invesco QQQ

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.