Invesco QQQ (NASDAQ:QQQ) Stock Position Increased by Pachira Investments Inc.

Pachira Investments Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,223 shares of the exchange traded fund's stock after buying an additional 907 shares during the period. Invesco QQQ comprises about 5.3% of Pachira Investments Inc.'s portfolio, making the stock its 9th biggest position. Pachira Investments Inc.'s holdings in Invesco QQQ were worth $7,607,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in shares of Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after buying an additional 756,990 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Invesco QQQ by 34.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after buying an additional 568,120 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after buying an additional 1,868,580 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco QQQ by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after buying an additional 14,017 shares in the last quarter. Finally, Senator Investment Group LP acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $679,936,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ stock traded down $0.54 during trading hours on Friday, hitting $561.26. The stock had a trading volume of 50,428,921 shares, compared to its average volume of 39,504,546. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $564.73. The stock's 50 day moving average is $534.38 and its 200 day moving average is $507.18.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Monday, June 23rd.

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.

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