Stonegate Investment Group LLC Buys 581 Shares of Invesco QQQ (NASDAQ:QQQ)

Stonegate Investment Group LLC grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,747 shares of the exchange traded fund's stock after purchasing an additional 581 shares during the quarter. Stonegate Investment Group LLC's holdings in Invesco QQQ were worth $17,700,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of QQQ. Wilkins Miller Wealth Management LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at $1,018,000. Synergy Investment Management LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at $723,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ in the fourth quarter valued at $815,000. Tandem Investment Partners LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at $4,623,000. Finally, Gemsstock Ltd. raised its stake in shares of 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 buying an additional 213,400 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded down $2.16 during mid-day trading on Friday, hitting $526.83. The stock had a trading volume of 61,548,834 shares, compared to its average volume of 38,635,178. The business has a fifty day moving average price of $500.57 and a 200-day moving average price of $503.28. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

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