Thurston Springer Miller Herd & Titak Inc. Has $6.75 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Thurston Springer Miller Herd & Titak Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,394 shares of the exchange traded fund's stock after acquiring an additional 1,119 shares during the quarter. Invesco QQQ accounts for approximately 1.1% of Thurston Springer Miller Herd & Titak Inc.'s investment portfolio, making the stock its 9th biggest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Invesco QQQ were worth $6,752,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Proficio Capital Partners LLC lifted its position in Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Ameriprise Financial Inc. lifted its position in Invesco QQQ by 20.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the period. Strategic Financial Concepts LLC lifted its position in Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. lifted its position in Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock worth $1,593,354,000 after purchasing an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ traded down $3.98 on Thursday, hitting $524.79. 60,873,940 shares of the stock were exchanged, compared to its average volume of 37,930,795. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The business has a 50-day moving average of $480.94 and a two-hundred day moving average of $501.53. The firm has a market capitalization of $337.36 billion, a price-to-earnings ratio of 32.66 and a beta of 1.18.

Invesco QQQ Cuts Dividend

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