Invesco QQQ (NASDAQ:QQQ) Shares Acquired by Yarger Wealth Strategies LLC

Yarger Wealth Strategies LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 75.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,412 shares of the exchange traded fund's stock after buying an additional 2,757 shares during the period. Invesco QQQ accounts for about 1.8% of Yarger Wealth Strategies LLC's investment portfolio, making the stock its 17th biggest holding. Yarger Wealth Strategies LLC's holdings in Invesco QQQ were worth $3,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC lifted its position in Invesco QQQ by 51,292.3% during the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the period. NWI Management LP lifted its holdings in shares of Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock worth $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $679,936,000. Finally, Artemis Wealth Advisors LLC boosted its position in Invesco QQQ by 1,337.4% in the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund's stock valued at $423,470,000 after buying an additional 895,277 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $1.25 during trading hours on Thursday, reaching $533.66. The stock had a trading volume of 33,939,410 shares, compared to its average volume of 38,249,587. The stock has a fifty day moving average of $488.16 and a 200 day moving average of $502.45. The stock has a market cap of $334.42 billion, a P/E 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.

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 of this dividend 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.