Sanchez Wealth Management Group Buys 944 Shares of Invesco QQQ (NASDAQ:QQQ)

Sanchez Wealth Management Group grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,457 shares of the exchange traded fund's stock after purchasing an additional 944 shares during the period. Invesco QQQ accounts for 5.4% of Sanchez Wealth Management Group's portfolio, making the stock its 9th biggest position. Sanchez Wealth Management Group's holdings in Invesco QQQ were worth $19,909,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bensler LLC raised its holdings in shares of Invesco QQQ by 6.6% during the first quarter. Bensler LLC now owns 28,799 shares of the exchange traded fund's stock worth $13,504,000 after purchasing an additional 1,781 shares during the period. F&V Capital Management LLC increased its holdings in shares of Invesco QQQ by 7.5% in the 1st quarter. F&V Capital Management LLC now owns 3,873 shares of the exchange traded fund's stock worth $1,816,000 after acquiring an additional 270 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in shares of Invesco QQQ by 2.4% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 8,613 shares of the exchange traded fund's stock worth $4,039,000 after acquiring an additional 204 shares during the period. Parkside Investments LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter worth about $1,172,000. Finally, RFG Holdings Inc. increased its holdings in shares of Invesco QQQ by 3.5% in the 1st quarter. RFG Holdings Inc. now owns 84,575 shares of the exchange traded fund's stock worth $39,672,000 after acquiring an additional 2,845 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $6.70 during trading hours on Friday, reaching $526.96. The stock had a trading volume of 55,743,632 shares, compared to its average volume of 38,369,787. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The firm has a 50-day simple moving average of $490.36 and a 200-day simple moving average of $502.64. The firm has a market capitalization of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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