HT Partners LLC Buys 13,316 Shares of Invesco QQQ (NASDAQ:QQQ)

HT Partners LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 678.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,280 shares of the exchange traded fund's stock after purchasing an additional 13,316 shares during the quarter. Invesco QQQ accounts for about 2.5% of HT Partners LLC's investment portfolio, making the stock its 7th largest position. HT Partners LLC's holdings in Invesco QQQ were worth $7,165,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the fourth quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $37,000. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the 4th quarter worth about $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ during the 4th quarter valued at about $57,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock traded down $5.21 during mid-day trading on Tuesday, reaching $529.08. The company had a trading volume of 41,752,700 shares, compared to its average volume of 38,448,220. The firm has a 50 day moving average of $494.94 and a 200 day moving average of $502.90. Invesco QQQ has a 12 month low of $402.39 and a 12 month 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 issued a $0.7157 dividend. The ex-dividend date of this dividend 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.