Cerro Pacific Wealth Advisors LLC Purchases 2,014 Shares of Invesco QQQ (NASDAQ:QQQ)

Cerro Pacific Wealth Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,624 shares of the exchange traded fund's stock after buying an additional 2,014 shares during the quarter. Invesco QQQ accounts for 6.5% of Cerro Pacific Wealth Advisors LLC's portfolio, making the stock its largest position. Cerro Pacific Wealth Advisors LLC's holdings in Invesco QQQ were worth $19,234,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in QQQ. Ables Iannone Moore & Associates Inc. lifted its position in shares of Invesco QQQ by 14.2% during the first quarter. Ables Iannone Moore & Associates Inc. now owns 1,577 shares of the exchange traded fund's stock worth $740,000 after purchasing an additional 196 shares in the last quarter. Presidio Capital Management LLC increased its stake in Invesco QQQ by 37.0% during the 1st quarter. Presidio Capital Management LLC now owns 75,139 shares of the exchange traded fund's stock worth $35,234,000 after buying an additional 20,276 shares during the period. Catalyst Private Wealth LLC lifted its holdings in Invesco QQQ by 40.7% in the 1st quarter. Catalyst Private Wealth LLC now owns 2,053 shares of the exchange traded fund's stock worth $963,000 after buying an additional 594 shares in the last quarter. Avondale Wealth Management lifted its holdings in Invesco QQQ by 4.9% in the 1st quarter. Avondale Wealth Management now owns 31,780 shares of the exchange traded fund's stock worth $14,902,000 after buying an additional 1,479 shares in the last quarter. Finally, Atlas Brown Inc. boosted its position in Invesco QQQ by 2.8% in the 1st quarter. Atlas Brown Inc. now owns 3,680 shares of the exchange traded fund's stock valued at $1,726,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $1.35 during trading on Wednesday, hitting $528.65. The company's stock had a trading volume of 22,075,396 shares, compared to its average volume of 37,691,430. The company has a market capitalization of $339.84 billion, a PE ratio of 32.66 and a beta of 1.18. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The stock's 50-day moving average price is $479.75 and its two-hundred day moving average price is $501.34.

Invesco QQQ Cuts Dividend

The business also recently declared 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 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.