Invesco QQQ (NASDAQ:QQQ) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 106.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,709 shares of the exchange traded fund's stock after acquiring an additional 6,559 shares during the quarter. QRG Capital Management Inc.'s holdings in Invesco QQQ were worth $5,960,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $36,000. Midwest Capital Advisors LLC acquired a new stake in Invesco QQQ during the 4th quarter worth $51,000. Banque Transatlantique SA purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc acquired a new stake in Invesco QQQ in the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $0.09 during trading on Thursday, reaching $528.99. 43,800,167 shares of the company were exchanged, compared to its average volume of 38,526,600. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock's 50 day simple moving average is $497.46 and its two-hundred day simple moving average is $503.26.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders 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.

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.