Teamwork Financial Advisors LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Teamwork Financial Advisors LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 129.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,168 shares of the exchange traded fund's stock after acquiring an additional 1,222 shares during the period. Teamwork Financial Advisors LLC's holdings in Invesco QQQ were worth $1,017,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ in the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $36,000. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at about $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.8%

Shares of NASDAQ:QQQ traded down $3.98 during mid-day trading on Thursday, reaching $524.79. The stock had a trading volume of 60,873,940 shares, compared to its average volume of 37,913,928. The business's 50 day moving average price is $480.94 and its 200 day moving average price is $501.53. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a market cap of $337.36 billion, a P/E ratio of 32.66 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The company also recently announced 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.

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.