Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Ibex Wealth Advisors

Ibex Wealth Advisors boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,911 shares of the exchange traded fund's stock after buying an additional 550 shares during the period. Ibex Wealth Advisors' holdings in Invesco QQQ were worth $6,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wealth Group Ltd. increased its stake in Invesco QQQ by 6.9% during the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after purchasing an additional 102 shares during the period. Tallon Kerry Patrick acquired a new stake in Invesco QQQ in the fourth quarter valued at $4,904,000. Capital & Planning LLC grew its holdings in shares of Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after acquiring an additional 229 shares during the period. Naviter Wealth LLC raised its position in Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after acquiring an additional 107 shares during the last quarter. Finally, Eagle Capital Management LLC increased its position in Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.3%

Shares of QQQ traded down $1.80 during mid-day trading on Wednesday, hitting $532.41. The company had a trading volume of 53,362,792 shares, compared to its average volume of 38,250,616. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock has a market cap of $333.63 billion, a PE ratio of 32.66 and a beta of 1.11. The business's 50-day simple moving average is $485.97 and its 200-day simple moving average is $502.25.

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 issued a dividend of $0.7157 per share. 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.