Janney Montgomery Scott LLC Purchases 43,343 Shares of Invesco QQQ (NASDAQ:QQQ)

Janney Montgomery Scott LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 838,553 shares of the exchange traded fund's stock after purchasing an additional 43,343 shares during the quarter. Invesco QQQ comprises about 1.1% of Janney Montgomery Scott LLC's investment portfolio, making the stock its 11th biggest position. Janney Montgomery Scott LLC owned approximately 0.13% of Invesco QQQ worth $393,215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC boosted its position in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. NWI Management LP raised its stake in Invesco QQQ by 121.6% during the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC raised its stake in Invesco QQQ by 55,795.2% during the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Senator Investment Group LP bought a new stake in Invesco QQQ in the 4th quarter valued at $679,936,000. Finally, Artemis Wealth Advisors LLC grew its position in Invesco QQQ by 1,337.4% in the 4th quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after purchasing an additional 895,277 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ traded up $7.33 during trading hours on Monday, reaching $534.29. 37,155,879 shares of the company traded hands, compared to its average volume of 38,424,719. The stock has a market cap of $334.81 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The stock's fifty day moving average is $492.58 and its 200 day moving average is $502.73.

Invesco QQQ Cuts Dividend

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