Invesco QQQ (NASDAQ:QQQ) Holdings Increased by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 25.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 14,769 shares of the exchange traded fund's stock after acquiring an additional 3,034 shares during the period. Invesco QQQ makes up 3.5% of ORBA Wealth Advisors L.L.C.'s investment portfolio, making the stock its 6th biggest position. ORBA Wealth Advisors L.L.C.'s holdings in Invesco QQQ were worth $6,925,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Newport Capital Group LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at $202,000. BayBridge Capital Group LLC boosted its position in Invesco QQQ by 72.6% during the first quarter. BayBridge Capital Group LLC now owns 7,995 shares of the exchange traded fund's stock valued at $3,749,000 after buying an additional 3,363 shares during the period. Atlas Private Wealth Advisors grew its stake in shares of Invesco QQQ by 126.4% during the first quarter. Atlas Private Wealth Advisors now owns 54,291 shares of the exchange traded fund's stock valued at $25,462,000 after buying an additional 30,308 shares during the last quarter. SFM LLC purchased a new position in shares of Invesco QQQ in the first quarter worth about $1,672,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Invesco QQQ by 15.5% in the 1st quarter. Sound Income Strategies LLC now owns 13,151 shares of the exchange traded fund's stock valued at $6,167,000 after acquiring an additional 1,764 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ traded up $7.23 on Monday, hitting $534.19. 16,564,287 shares of the company were exchanged, compared to its average volume of 38,346,249. The firm has a fifty day simple moving average of $492.58 and a two-hundred day simple moving average of $502.73. The stock has a market capitalization of $334.75 billion, a PE ratio of 32.66 and a beta of 1.11. 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 announced 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.

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.