Private Wealth Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 40,507 shares of the exchange traded fund's stock after buying an additional 2,280 shares during the quarter. Invesco QQQ comprises about 1.6% of Private Wealth Partners LLC's portfolio, making the stock its 20th largest holding. Private Wealth Partners LLC's holdings in Invesco QQQ were worth $18,994,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at about $36,000. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the fourth quarter worth about $51,000. Banque Transatlantique SA bought a new position in Invesco QQQ in the 4th quarter valued at about $57,000. Finally, Perritt Capital Management Inc acquired a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.0%
Shares of Invesco QQQ stock opened at $528.99 on Friday. The company has a 50 day moving average of $499.12 and a 200-day moving average of $503.35. 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 disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given 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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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