Sapient Capital LLC Purchases 709 Shares of Invesco QQQ (NASDAQ:QQQ)

Sapient Capital LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,274 shares of the exchange traded fund's stock after purchasing an additional 709 shares during the period. Sapient Capital LLC's holdings in Invesco QQQ were worth $3,416,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Wealth Group Ltd. raised its holdings in shares of Invesco QQQ by 6.9% during the fourth 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 period. Tallon Kerry Patrick bought a new position in Invesco QQQ in the fourth quarter valued at $4,904,000. Capital & Planning LLC grew its position in Invesco QQQ by 5.0% in the fourth quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock valued at $2,477,000 after purchasing an additional 229 shares in the last quarter. Naviter Wealth LLC grew its position in Invesco QQQ by 8.8% in the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after purchasing an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC grew its position 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 valued at $31,025,000 after purchasing an additional 185 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $6.70 during mid-day trading on Friday, reaching $526.96. The company's stock had a trading volume of 55,743,632 shares, compared to its average volume of 38,429,078. The company has a market capitalization of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The business's 50 day simple moving average is $492.58 and its 200 day simple moving average is $502.75.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date of this dividend 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.