Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 69.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,695 shares of the exchange traded fund's stock after purchasing an additional 2,338 shares during the period. Cyndeo Wealth Partners LLC's holdings in Invesco QQQ were worth $2,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighMark Wealth Management LLC lifted its position in shares of Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after acquiring an additional 20 shares in the last quarter. Providence First Trust Co lifted its position in Invesco QQQ by 3.0% in the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after buying an additional 20 shares in the last quarter. Diversified Enterprises LLC lifted its position in Invesco QQQ by 0.4% in the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after buying an additional 20 shares in the last quarter. Prevail Innovative Wealth Advisors LLC lifted its position in Invesco QQQ by 4.3% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund's stock worth $247,000 after buying an additional 20 shares in the last quarter. Finally, Legacy Investment Solutions LLC lifted its position in Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock worth $138,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.4%

QQQ stock opened at $534.29 on Tuesday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market cap of $334.81 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The company has a 50 day moving average of $494.94 and a two-hundred day moving average of $502.90.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date 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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