Invesco QQQ (NASDAQ:QQQ) Stock Position Raised by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,929 shares of the exchange traded fund's stock after purchasing an additional 560 shares during the quarter. Invesco QQQ makes up about 3.6% of Integral Investment Advisors Inc.'s holdings, making the stock its 6th largest position. Integral Investment Advisors Inc.'s holdings in Invesco QQQ were worth $11,221,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after buying an additional 11,478,188 shares during the last quarter. NWI Management LP grew its holdings in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after buying an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. Senator Investment Group LP purchased a new position in shares of Invesco QQQ during the fourth quarter worth about $679,936,000. Finally, Artemis Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after buying an additional 895,277 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 1.3%

Shares of NASDAQ QQQ traded down $6.70 during midday trading on Friday, reaching $526.96. 55,743,632 shares of the company were exchanged, compared to its average volume of 38,429,078. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a fifty day simple moving average of $492.58 and a 200 day simple moving average of $502.76. The stock has a market cap of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders 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 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.