Invesco QQQ (NASDAQ:QQQ) Position Increased by Lakeshore Capital Group Inc.

Lakeshore Capital Group Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 15.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,729 shares of the exchange traded fund's stock after buying an additional 1,845 shares during the quarter. Invesco QQQ makes up approximately 6.2% of Lakeshore Capital Group Inc.'s portfolio, making the stock its 2nd largest holding. Lakeshore Capital Group Inc.'s holdings in Invesco QQQ were worth $6,438,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. PayPay Securities Corp lifted its stake in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter worth $51,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.8%

NASDAQ:QQQ traded down $3.98 on Thursday, hitting $524.79. The stock had a trading volume of 60,873,940 shares, compared to its average volume of 37,913,823. The company has a fifty day moving average price of $480.94 and a two-hundred day moving average price of $501.53. The stock has a market cap of $337.36 billion, a price-to-earnings ratio of 32.66 and a beta of 1.18. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared 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 of this dividend 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.