Unique Wealth LLC Boosts Stake in Invesco QQQ (NASDAQ:QQQ)

Unique Wealth LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 657.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 18,220 shares of the exchange traded fund's stock after purchasing an additional 15,816 shares during the period. Invesco QQQ accounts for about 1.6% of Unique Wealth LLC's holdings, making the stock its 15th biggest holding. Unique Wealth LLC's holdings in Invesco QQQ were worth $8,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Proficio Capital Partners LLC increased its position in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock valued at $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. Ameriprise Financial Inc. increased its position in Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares during the period. Strategic Financial Concepts LLC increased its position in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. increased its position in Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock valued at $1,593,354,000 after acquiring an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after acquiring an additional 52,235 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.8%

Shares of QQQ stock opened at $524.79 on Friday. The stock has a market capitalization of $328.86 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock's 50-day moving average price is $482.06 and its 200 day moving average price is $501.70.

Invesco QQQ Cuts Dividend

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

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