Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Proathlete Wealth Management LLC

Proathlete Wealth Management LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 28,020 shares of the exchange traded fund's stock after buying an additional 1,695 shares during the period. Invesco QQQ makes up 4.8% of Proathlete Wealth Management LLC's investment portfolio, making the stock its 6th biggest holding. Proathlete Wealth Management LLC's holdings in Invesco QQQ were worth $13,152,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in QQQ. Wilkins Miller Wealth Management LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $1,018,000. Synergy Investment Management LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $723,000. Grant Private Wealth Management Inc bought a new stake in Invesco QQQ in the fourth quarter valued at about $815,000. Tandem Investment Partners LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $4,623,000. Finally, Gemsstock Ltd. increased its stake in Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after acquiring an additional 213,400 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $528.99 on Friday. The company's 50-day simple moving average is $499.12 and its 200 day simple moving average is $503.35. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date of this dividend 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.

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