Omnia Family Wealth LLC Grows Stake in Invesco QQQ (NASDAQ:QQQ)

Omnia Family Wealth LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,361 shares of the exchange traded fund's stock after buying an additional 749 shares during the period. Invesco QQQ makes up about 2.3% of Omnia Family Wealth LLC's holdings, making the stock its 10th biggest position. Omnia Family Wealth LLC's holdings in Invesco QQQ were worth $5,808,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Wealth Group Ltd. increased its stake in Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after buying an additional 102 shares during the period. Tallon Kerry Patrick purchased a new position in shares of Invesco QQQ during the 4th quarter valued at $4,904,000. Capital & Planning LLC increased its stake in shares of Invesco QQQ by 5.0% in the fourth quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after acquiring an additional 229 shares during the last quarter. Naviter Wealth LLC raised its holdings in shares of Invesco QQQ by 8.8% during the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after acquiring an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC raised its holdings in shares of Invesco QQQ by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after acquiring an additional 185 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.2%

NASDAQ QQQ traded up $1.26 on Thursday, reaching $520.17. The stock had a trading volume of 38,446,040 shares, compared to its average volume of 44,697,715. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The business has a 50 day moving average price of $477.01 and a 200 day moving average price of $501.03. The company has a market capitalization of $325.96 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued 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.