Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,727 shares of the exchange traded fund's stock after acquiring an additional 2,431 shares during the period. Invesco QQQ comprises about 5.7% of Blue Zone Wealth Advisors LLC's investment portfolio, making the stock its largest position. Blue Zone Wealth Advisors LLC's holdings in Invesco QQQ were worth $20,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in QQQ. PayPay Securities Corp raised its position in shares of Invesco QQQ by 276.9% during 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 last quarter. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the 4th quarter worth about $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $529.92 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company has a market capitalization of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The company has a 50-day simple moving average of $483.20 and a 200 day simple moving average of $501.88.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ 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.

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