Prairie Sky Financial Group LLC Acquires 1,344 Shares of Invesco QQQ (NASDAQ:QQQ)

Prairie Sky Financial Group LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 34.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,212 shares of the exchange traded fund's stock after buying an additional 1,344 shares during the quarter. Invesco QQQ comprises about 1.5% of Prairie Sky Financial Group LLC's portfolio, making the stock its 14th largest position. Prairie Sky Financial Group LLC's holdings in Invesco QQQ were worth $2,444,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QQQ. Wealth Group Ltd. increased its holdings in Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after buying an additional 102 shares during the period. Tallon Kerry Patrick bought a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $4,904,000. Capital & Planning LLC grew its holdings in shares of Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock valued at $2,477,000 after purchasing an additional 229 shares during the last quarter. Naviter Wealth LLC grew its holdings in shares of Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after purchasing an additional 107 shares during the last quarter. Finally, Eagle Capital Management LLC grew its holdings in shares of 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 valued at $31,025,000 after purchasing an additional 185 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $1.80 during midday trading on Wednesday, hitting $532.41. 53,362,792 shares of the company traded hands, compared to its average volume of 38,250,616. The stock has a market cap of $333.63 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The firm's fifty day moving average price is $485.97 and its 200-day moving average price is $502.25. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

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 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.