Chris Bulman Inc raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,830 shares of the exchange traded fund's stock after acquiring an additional 2,509 shares during the period. Invesco QQQ comprises about 4.4% of Chris Bulman Inc's investment portfolio, making the stock its 4th largest position. Chris Bulman Inc's holdings in Invesco QQQ were worth $6,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently bought and sold shares of QQQ. HighMark Wealth Management LLC raised its holdings in Invesco QQQ by 5.2% during the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock worth $208,000 after buying an additional 20 shares during the period. Providence First Trust Co increased its position in shares of Invesco QQQ by 3.0% in the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after acquiring an additional 20 shares during the last quarter. Diversified Enterprises LLC grew its stake in Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after purchasing an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC increased its holdings in Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after buying an additional 20 shares during the last quarter. Finally, Legacy Investment Solutions LLC raised its holdings in shares of Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
QQQ traded up $1.91 during trading hours on Thursday, reaching $534.32. The company's stock had a trading volume of 22,073,621 shares, compared to its average volume of 38,189,322. The company's 50-day moving average is $488.16 and its 200-day moving average is $502.45. The firm has a market cap of $334.83 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.
Invesco QQQ Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders 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
(
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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