Goldstone Financial Group LLC Raises Stock Position in Invesco QQQ (NASDAQ:QQQ)

Goldstone Financial Group LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,211 shares of the exchange traded fund's stock after buying an additional 3,279 shares during the period. Invesco QQQ makes up about 4.3% of Goldstone Financial Group LLC's investment portfolio, making the stock its 3rd biggest position. Goldstone Financial Group LLC's holdings in Invesco QQQ were worth $28,234,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC raised its holdings in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. NWI Management LP raised its holdings in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after acquiring an additional 3,648,000 shares during the period. GAMMA Investing LLC raised its holdings in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $679,936,000. Finally, Artemis Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock worth $423,470,000 after acquiring an additional 895,277 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.3%

Shares of NASDAQ:QQQ traded down $6.70 during midday trading on Friday, reaching $526.96. 55,743,632 shares of the company were exchanged, compared to its average volume of 38,429,078. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The stock has a fifty day simple moving average of $492.58 and a two-hundred day simple moving average of $502.75. The firm has a market cap of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. 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.