Omnia Family Wealth LLC Has $5.81 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Omnia Family Wealth LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,361 shares of the exchange traded fund's stock after acquiring an additional 749 shares during the period. Invesco QQQ comprises 2.3% of Omnia Family Wealth LLC's investment portfolio, making the stock its 10th biggest holding. Omnia Family Wealth LLC's holdings in Invesco QQQ were worth $5,808,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Stephens Consulting LLC increased its stake in Invesco QQQ by 0.4% during the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after purchasing an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after buying an additional 20 shares during the period. RAM Investment Partners LLC boosted its holdings in shares of Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after buying an additional 20 shares during the period. HighMark Wealth Management LLC grew its position in shares of Invesco QQQ by 5.2% during the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after buying an additional 20 shares during the last quarter. Finally, Providence First Trust Co raised its stake in Invesco QQQ by 3.0% during the fourth quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock worth $346,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.4%

NASDAQ QQQ traded down $2.31 during trading hours on Wednesday, reaching $518.91. The company's stock had a trading volume of 44,935,581 shares, compared to its average volume of 37,433,540. The business has a 50-day simple moving average of $476.24 and a 200 day simple moving average of $500.91. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The stock has a market cap of $325.17 billion, a PE ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.