Sendero Wealth Management LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 583 shares of the exchange traded fund's stock, valued at approximately $273,000.
A number of other large investors have also recently added to or reduced their stakes in QQQ. Farmers & Merchants Investments Inc. lifted its stake in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock valued at $559,000 after buying an additional 20 shares during the period. RAM Investment Partners LLC increased its stake in shares of Invesco QQQ by 1.7% in the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock valued at $597,000 after acquiring an additional 20 shares in the last quarter. HighMark Wealth Management LLC increased its stake in shares of Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund's stock valued at $208,000 after acquiring an additional 20 shares in the last quarter. Providence First Trust Co lifted its position in shares of Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund's stock valued at $346,000 after acquiring an additional 20 shares during the period. Finally, Diversified Enterprises LLC lifted its position in shares of Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund's stock valued at $2,679,000 after acquiring an additional 20 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Up 1.0%
NASDAQ QQQ traded up $5.13 on Friday, hitting $529.92. 42,389,151 shares of the company were exchanged, compared to its average volume of 37,947,371. The company has a market cap of $332.07 billion, a PE ratio of 32.66 and a beta of 1.11. The stock has a fifty day moving average of $482.06 and a 200-day moving average of $501.70. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.
Invesco QQQ Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date 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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