XY Planning Network Inc. purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 782 shares of the exchange traded fund's stock, valued at approximately $367,000.
A number of other hedge funds also recently modified their holdings of QQQ. Cottage Street Advisors LLC raised its position in Invesco QQQ by 101.7% in the 1st quarter. Cottage Street Advisors LLC now owns 19,256 shares of the exchange traded fund's stock valued at $9,030,000 after buying an additional 9,710 shares during the last quarter. Carr Financial Group Corp raised its position in Invesco QQQ by 79.0% in the 1st quarter. Carr Financial Group Corp now owns 14,302 shares of the exchange traded fund's stock valued at $6,707,000 after buying an additional 6,310 shares during the last quarter. Private Wealth Partners LLC raised its position in Invesco QQQ by 6.0% in the 1st quarter. Private Wealth Partners LLC now owns 40,507 shares of the exchange traded fund's stock valued at $18,994,000 after buying an additional 2,280 shares during the last quarter. Advisor Resource Council raised its position in Invesco QQQ by 6,306.6% in the 1st quarter. Advisor Resource Council now owns 54,328 shares of the exchange traded fund's stock valued at $23,680,000 after buying an additional 53,480 shares during the last quarter. Finally, Compass Ion Advisors LLC raised its position in Invesco QQQ by 3.4% in the 1st quarter. Compass Ion Advisors LLC now owns 1,684 shares of the exchange traded fund's stock valued at $790,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Down 0.4%
Invesco QQQ stock traded down $2.16 during midday trading on Friday, reaching $526.83. The stock had a trading volume of 61,548,834 shares, compared to its average volume of 38,635,178. The firm's fifty day simple moving average is $500.57 and its 200-day simple moving average is $503.28. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. 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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