Invesco QQQ (NASDAQ:QQQ) is Constellation Investments Inc.'s 5th Largest Position

Constellation Investments Inc. increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,000 shares of the exchange traded fund's stock after acquiring an additional 28,000 shares during the period. Invesco QQQ makes up about 4.3% of Constellation Investments Inc.'s portfolio, making the stock its 5th biggest holding. Constellation Investments Inc.'s holdings in Invesco QQQ were worth $91,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Tallon Kerry Patrick purchased a new position in Invesco QQQ in the 4th quarter worth $4,904,000. Naviter Wealth LLC grew 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 purchasing an additional 107 shares during the period. Eagle Capital Management LLC grew its position in Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares during the period. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Invesco QQQ during the 4th quarter worth about $14,209,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.4%

Shares of QQQ opened at $526.83 on Friday. The business's 50-day moving average is $500.57 and its two-hundred day moving average is $503.28. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared 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 of this dividend 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.