Invesco QQQ (NASDAQ:QQQ) Stock Holdings Lifted by HBW Advisory Services LLC

HBW Advisory Services LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,044 shares of the exchange traded fund's stock after purchasing an additional 3,702 shares during the quarter. Invesco QQQ comprises about 3.9% of HBW Advisory Services LLC's portfolio, making the stock its 3rd biggest position. HBW Advisory Services LLC's holdings in Invesco QQQ were worth $27,218,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in QQQ. Wealth Group Ltd. lifted its holdings in Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after buying an additional 102 shares during the period. Tallon Kerry Patrick bought a new position in shares of Invesco QQQ in the 4th quarter worth $4,904,000. Capital & Planning LLC lifted its stake in shares of Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after purchasing an additional 229 shares during the last quarter. Naviter Wealth LLC boosted its position in Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after purchasing an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC grew its stake in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after purchasing an additional 185 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded down $3.98 during trading hours on Thursday, reaching $524.79. The stock had a trading volume of 58,876,099 shares, compared to its average volume of 37,908,638. The company has a market cap of $337.36 billion, a price-to-earnings ratio of 32.66 and a beta of 1.18. The business's 50 day moving average price is $480.94 and its 200-day moving average price is $501.53. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

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 paid a dividend of $0.7157 per share. 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.