Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Perennial Advisors LLC

Perennial Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 19.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,939 shares of the exchange traded fund's stock after acquiring an additional 814 shares during the period. Perennial Advisors LLC's holdings in Invesco QQQ were worth $2,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. increased its holdings in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after purchasing an additional 20 shares during the last quarter. RAM Investment Partners LLC grew its stake in Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after acquiring an additional 20 shares during the period. HighMark Wealth Management LLC grew its stake in Invesco QQQ by 5.2% in the fourth 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 during the period. Providence First Trust Co grew its stake in Invesco QQQ by 3.0% in the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after acquiring an additional 20 shares during the period. Finally, Diversified Enterprises LLC grew its stake in Invesco QQQ by 0.4% in the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.0%

NASDAQ:QQQ opened at $529.92 on Friday. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock has a market cap of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The stock has a 50-day moving average price of $483.20 and a two-hundred day moving average price of $501.87.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid 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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