Simon Quick Advisors LLC Grows Stock Position in Invesco QQQ (NASDAQ:QQQ)

Simon Quick Advisors LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 49.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,329 shares of the exchange traded fund's stock after acquiring an additional 2,091 shares during the quarter. Simon Quick Advisors LLC's holdings in Invesco QQQ were worth $2,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Advisors Ltd. LLC lifted its holdings in shares of Invesco QQQ by 4.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 31,314 shares of the exchange traded fund's stock valued at $14,684,000 after purchasing an additional 1,212 shares during the last quarter. Zhang Financial LLC lifted its holdings in shares of Invesco QQQ by 32.4% during the 1st quarter. Zhang Financial LLC now owns 8,002 shares of the exchange traded fund's stock valued at $3,752,000 after purchasing an additional 1,956 shares during the last quarter. Chris Bulman Inc lifted its holdings in shares of Invesco QQQ by 20.4% during the 1st quarter. Chris Bulman Inc now owns 14,830 shares of the exchange traded fund's stock valued at $6,954,000 after purchasing an additional 2,509 shares during the last quarter. Investment Partners Asset Management Inc. lifted its holdings in shares of Invesco QQQ by 29.4% during the 1st quarter. Investment Partners Asset Management Inc. now owns 4,124 shares of the exchange traded fund's stock valued at $1,934,000 after purchasing an additional 938 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 26.2% during the 1st quarter. Laurel Wealth Advisors LLC now owns 574 shares of the exchange traded fund's stock valued at $269,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 1.3%

Shares of QQQ traded down $6.70 during midday trading on Friday, hitting $526.96. 55,743,632 shares of the company's stock traded hands, compared to its average volume of 38,429,078. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The firm's fifty day moving average is $492.58 and its 200-day moving average is $502.75. The stock has a market capitalization of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 was Monday, March 24th.

Invesco QQQ Company 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.