Cantor Fitzgerald Investment Advisors L.P. lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,909 shares of the exchange traded fund's stock after buying an additional 1,468 shares during the quarter. Invesco QQQ comprises 2.8% of Cantor Fitzgerald Investment Advisors L.P.'s investment portfolio, making the stock its 5th largest holding. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Invesco QQQ were worth $37,940,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC bought a new position in Invesco QQQ in the fourth quarter worth $51,000. Banque Transatlantique SA acquired a new stake in Invesco QQQ during the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc bought a new stake in Invesco QQQ in the 4th quarter valued at $61,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
NASDAQ QQQ opened at $528.99 on Friday. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The company's 50-day simple moving average is $499.12 and its 200 day simple moving average is $503.35.
Invesco QQQ Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, April 30th. Investors 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.
Invesco QQQ Profile
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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.
See Also
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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