Invesco QQQ (NASDAQ:QQQ) Stock Position Boosted by Lion Street Advisors LLC

Lion Street Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,057 shares of the exchange traded fund's stock after buying an additional 878 shares during the period. Invesco QQQ comprises about 2.5% of Lion Street Advisors LLC's portfolio, making the stock its 3rd biggest position. Lion Street Advisors LLC's holdings in Invesco QQQ were worth $7,998,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $51,000. Banque Transatlantique SA purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $57,000. Finally, Perritt Capital Management Inc purchased a new position in Invesco QQQ in the fourth quarter valued at approximately $61,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ traded down $0.09 during mid-day trading on Thursday, reaching $528.99. 43,800,167 shares of the company's stock were exchanged, compared to its average volume of 38,526,600. The business's fifty day simple moving average is $497.46 and its 200-day simple moving average is $503.26. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given 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.