Invesco QQQ (NASDAQ:QQQ) is Presidio Capital Management LLC's 2nd Largest Position

Presidio Capital Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 37.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,139 shares of the exchange traded fund's stock after acquiring an additional 20,276 shares during the period. Invesco QQQ makes up about 14.4% of Presidio Capital Management LLC's investment portfolio, making the stock its 2nd largest position. Presidio Capital Management LLC's holdings in Invesco QQQ were worth $35,234,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. PayPay Securities Corp lifted its stake in Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after acquiring an additional 36 shares during the period. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ in the 4th quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter worth $51,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.6%

QQQ stock traded down $3.24 during midday trading on Friday, reaching $516.69. The stock had a trading volume of 67,585,697 shares, compared to its average volume of 37,676,372. The company's fifty day simple moving average is $478.06 and its 200 day simple moving average is $501.02. The company has a market cap of $323.78 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

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