PSI Advisors LLC Has $30.52 Million Stake in Invesco QQQ (NASDAQ:QQQ)

PSI Advisors LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,089 shares of the exchange traded fund's stock after acquiring an additional 1,575 shares during the period. Invesco QQQ accounts for 9.9% of PSI Advisors LLC's portfolio, making the stock its 2nd largest holding. PSI Advisors LLC's holdings in Invesco QQQ were worth $30,522,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of QQQ. Grandview Asset Management LLC grew its holdings in Invesco QQQ by 9.0% during the 1st quarter. Grandview Asset Management LLC now owns 26,171 shares of the exchange traded fund's stock valued at $12,272,000 after buying an additional 2,160 shares in the last quarter. Aspiriant LLC grew its holdings in shares of Invesco QQQ by 17.1% in the first quarter. Aspiriant LLC now owns 5,893 shares of the exchange traded fund's stock valued at $2,763,000 after purchasing an additional 859 shares in the last quarter. CWA Asset Management Group LLC increased its position in Invesco QQQ by 19.1% in the first quarter. CWA Asset Management Group LLC now owns 7,559 shares of the exchange traded fund's stock worth $3,544,000 after purchasing an additional 1,211 shares during the last quarter. Analyst IMS Investment Management Services Ltd. increased its position in Invesco QQQ by 1.5% in the first quarter. Analyst IMS Investment Management Services Ltd. now owns 1,050,711 shares of the exchange traded fund's stock worth $492,699,000 after purchasing an additional 15,573 shares during the last quarter. Finally, MFA Wealth Advisors LLC raised its stake in Invesco QQQ by 3.3% during the first quarter. MFA Wealth Advisors LLC now owns 15,280 shares of the exchange traded fund's stock valued at $7,165,000 after purchasing an additional 484 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $528.99 on Thursday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The firm has a fifty day simple moving average of $497.46 and a two-hundred day simple moving average of $503.26.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

Invesco QQQ 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.

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