Members Wealth LLC Purchases 1,047 Shares of Invesco QQQ (NASDAQ:QQQ)

Members Wealth LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 107.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,020 shares of the exchange traded fund's stock after purchasing an additional 1,047 shares during the quarter. Members Wealth LLC's holdings in Invesco QQQ were worth $947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Proficio Capital Partners LLC grew its holdings in shares of Invesco QQQ by 51,292.3% in the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. NWI Management LP lifted its position in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares in the last quarter. GAMMA Investing LLC lifted its position in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares in the last quarter. Senator Investment Group LP purchased a new position in Invesco QQQ during the fourth quarter valued at $679,936,000. Finally, Artemis Wealth Advisors LLC lifted its position in Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after purchasing an additional 895,277 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $6.70 during trading hours on Friday, hitting $526.96. The company's stock had a trading volume of 55,743,632 shares, compared to its average volume of 38,429,078. The business has a 50 day moving average price of $492.58 and a two-hundred day moving average price of $502.75. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market cap of $330.22 billion, a PE 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 given a $0.7157 dividend. 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.