Orser Capital Management LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,207 shares of the exchange traded fund's stock, valued at approximately $566,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Consulting LLC raised its holdings in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock worth $2,769,000 after purchasing an additional 19 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in shares of Invesco QQQ by 1.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after acquiring an additional 20 shares during the period. RAM Investment Partners LLC grew its position in Invesco QQQ by 1.7% in the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after purchasing an additional 20 shares in the last quarter. HighMark Wealth Management LLC grew its position in Invesco QQQ by 5.2% in the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after purchasing an additional 20 shares in the last quarter. Finally, Providence First Trust Co grew its position in Invesco QQQ by 3.0% in the fourth 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 in the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Trading Down 0.8%
Shares of QQQ traded down $3.98 during midday trading on Thursday, reaching $524.79. The stock had a trading volume of 59,917,527 shares, compared to its average volume of 37,910,669. The firm has a 50 day simple moving average of $480.94 and a 200-day simple moving average of $501.53. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The firm has a market cap of $337.36 billion, a PE ratio of 32.66 and a beta of 1.18.
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.
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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