PFG Investments LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,552 shares of the exchange traded fund's stock after purchasing an additional 2,372 shares during the quarter. Invesco QQQ comprises approximately 1.2% of PFG Investments LLC's holdings, making the stock its 9th biggest holding. PFG Investments LLC's holdings in Invesco QQQ were worth $18,078,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in QQQ. Bridge Generations Wealth Management LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the 4th quarter worth $36,000. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the 4th quarter worth $51,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ during the 4th quarter worth $57,000. Finally, Perritt Capital Management Inc purchased a new stake in Invesco QQQ during the 4th quarter worth $61,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Invesco QQQ stock traded down $2.16 during midday trading on Friday, hitting $526.83. 61,548,834 shares of the stock were exchanged, compared to its average volume of 38,635,178. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The company has a 50 day moving average price of $500.57 and a two-hundred day moving average price of $503.28.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.
About Invesco QQQ
(
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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