May Barnhard Investments LLC Has $6.28 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

May Barnhard Investments LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,396 shares of the exchange traded fund's stock after selling 1,063 shares during the period. Invesco QQQ accounts for 3.1% of May Barnhard Investments LLC's portfolio, making the stock its 6th biggest position. May Barnhard Investments LLC's holdings in Invesco QQQ were worth $6,282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Group Ltd. grew 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 valued at $810,000 after purchasing an additional 102 shares during the last quarter. Tallon Kerry Patrick acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $4,904,000. Capital & Planning LLC lifted its holdings 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 valued at $2,477,000 after purchasing an additional 229 shares in the last quarter. Naviter Wealth LLC lifted its position in Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after buying an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC raised its position in Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.2%

Shares of QQQ stock traded up $1.25 during trading on Thursday, reaching $533.66. 33,939,410 shares of the company's stock were exchanged, compared to its average volume of 38,249,587. The stock has a market capitalization of $334.42 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm's fifty day moving average price is $488.16 and its 200-day moving average price is $502.45.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given 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.