Northstar Advisory Group LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 375.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 604 shares of the exchange traded fund's stock after purchasing an additional 477 shares during the period. Northstar Advisory Group LLC's holdings in Invesco QQQ were worth $283,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of QQQ. Wealth Group Ltd. boosted its stake in shares of Invesco QQQ by 6.9% during the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock worth $810,000 after acquiring an additional 102 shares during the last quarter. Tallon Kerry Patrick purchased a new position in Invesco QQQ in the 4th quarter worth about $4,904,000. Capital & Planning LLC grew its position in shares of Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock worth $2,477,000 after buying an additional 229 shares in the last quarter. Naviter Wealth LLC raised its position in shares of Invesco QQQ by 8.8% in the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock worth $675,000 after acquiring an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC grew its holdings in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock worth $31,025,000 after purchasing an additional 185 shares during the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Price Performance
Invesco QQQ stock traded up $0.78 during trading hours on Monday, hitting $530.70. 33,460,220 shares of the stock traded hands, compared to its average volume of 38,043,835. The stock has a market capitalization of $332.56 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The firm's 50 day moving average price is $483.20 and its 200-day moving average price is $501.85. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
About Invesco QQQ
(
Free Report)
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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