SeaCrest Wealth Management LLC Purchases 1,276 Shares of Invesco QQQ (NASDAQ:QQQ)

SeaCrest Wealth Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,215 shares of the exchange traded fund's stock after purchasing an additional 1,276 shares during the quarter. Invesco QQQ accounts for 1.6% of SeaCrest Wealth Management LLC's portfolio, making the stock its 8th largest position. SeaCrest Wealth Management LLC's holdings in Invesco QQQ were worth $14,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Farmers & Merchants Investments Inc. lifted its position in shares of Invesco QQQ by 1.9% in the fourth 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 last quarter. RAM Investment Partners LLC raised its stake in 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 acquiring an additional 20 shares during the period. HighMark Wealth Management LLC raised its stake in Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after acquiring an additional 20 shares during the period. Providence First Trust Co lifted its holdings in Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after purchasing an additional 20 shares during the last quarter. Finally, Diversified Enterprises LLC boosted its position in Invesco QQQ by 0.4% during the fourth quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock worth $2,679,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 1.0%

Shares of NASDAQ:QQQ traded up $5.13 on Friday, hitting $529.92. The company had a trading volume of 42,389,151 shares, compared to its average volume of 38,011,687. The stock has a market cap of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The stock has a 50 day moving average price of $482.06 and a 200 day moving average price of $501.70. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently announced 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 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.