Edge Financial Advisors LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,967 shares of the exchange traded fund's stock after buying an additional 508 shares during the quarter. Invesco QQQ accounts for 1.5% of Edge Financial Advisors LLC's holdings, making the stock its 14th largest holding. Edge Financial Advisors LLC's holdings in Invesco QQQ were worth $2,329,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $36,000. Midwest Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $51,000. Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $57,000. Finally, Perritt Capital Management Inc acquired a new position in Invesco QQQ during the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of NASDAQ QQQ traded down $5.21 during trading on Tuesday, hitting $529.08. 41,752,700 shares of the company were exchanged, compared to its average volume of 38,439,854. The firm's fifty day moving average price is $494.94 and its 200 day moving average price is $502.90. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a market cap of $331.55 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.
Invesco QQQ Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders 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 Company Profile
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Free Report)
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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