Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Insight Advisors LLC PA

Insight Advisors LLC PA boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,191 shares of the exchange traded fund's stock after buying an additional 539 shares during the quarter. Invesco QQQ makes up about 1.0% of Insight Advisors LLC PA's holdings, making the stock its 15th biggest position. Insight Advisors LLC PA's holdings in Invesco QQQ were worth $5,719,000 as of its most recent filing with the SEC.

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

Invesco QQQ Trading Up 1.0%

Shares of Invesco QQQ stock traded up $5.13 during trading hours on Friday, reaching $529.92. 42,389,151 shares of the company's stock were exchanged, compared to its average volume of 38,011,687. The firm has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The company has a fifty day moving average of $482.06 and a 200-day moving average of $501.70. 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. Stockholders 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.