Invesco QQQ (NASDAQ:QQQ) Shares Bought by Grandview Asset Management LLC

Grandview Asset Management LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,171 shares of the exchange traded fund's stock after buying an additional 2,160 shares during the quarter. Invesco QQQ comprises approximately 4.7% of Grandview Asset Management LLC's holdings, making the stock its 5th biggest position. Grandview Asset Management LLC's holdings in Invesco QQQ were worth $12,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $36,000. Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the fourth quarter worth about $51,000. Banque Transatlantique SA acquired a new position in Invesco QQQ during the fourth quarter worth approximately $57,000. Finally, Perritt Capital Management Inc bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $61,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.0%

QQQ opened at $528.99 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The business has a 50 day moving average of $497.46 and a 200-day moving average of $503.26.

Invesco QQQ Cuts Dividend

The firm 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.