Single Point Partners LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 872 shares of the exchange traded fund's stock, valued at approximately $409,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Group Ltd. raised its holdings in shares of Invesco QQQ by 6.9% in the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund's stock valued at $810,000 after buying an additional 102 shares during the last quarter. Tallon Kerry Patrick purchased a new position in shares of Invesco QQQ during the fourth quarter worth about $4,904,000. Capital & Planning LLC increased its position in Invesco QQQ by 5.0% in the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund's stock valued at $2,477,000 after acquiring an additional 229 shares during the period. Naviter Wealth LLC raised its stake in Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund's stock valued at $675,000 after acquiring an additional 107 shares during the last quarter. Finally, Eagle Capital Management LLC raised its stake in Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ stock traded up $0.78 during midday trading on Monday, hitting $530.70. The company had a trading volume of 33,438,171 shares, compared to its average volume of 38,043,645. The stock has a market cap of $332.56 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The company's 50 day simple moving average is $483.20 and its 200 day simple moving average is $501.85. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.
Invesco QQQ Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.
Invesco QQQ Profile
(
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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