Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,027 shares of the exchange traded fund's stock after acquiring an additional 476 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Invesco QQQ were worth $1,888,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of QQQ. Wilkins Miller Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $1,018,000. Synergy Investment Management LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $723,000. Grant Private Wealth Management Inc acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $815,000. Tandem Investment Partners LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $4,623,000. Finally, Gemsstock Ltd. raised its stake in Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after buying an additional 213,400 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.0%

NASDAQ QQQ traded up $5.13 on Friday, hitting $529.92. 42,389,151 shares of the stock traded hands, compared to its average volume of 38,061,714. The stock has a 50-day moving average of $483.20 and a 200 day moving average of $501.87. The company has a market capitalization of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders 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 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.