Invesco QQQ (NASDAQ:QQQ) Stake Boosted by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,504 shares of the exchange traded fund's stock after purchasing an additional 1,127 shares during the quarter. Bulltick Wealth Management LLC's holdings in Invesco QQQ were worth $3,325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cahill Financial Advisors Inc. boosted its holdings in Invesco QQQ by 163.9% in the fourth quarter. Cahill Financial Advisors Inc. now owns 5,024 shares of the exchange traded fund's stock valued at $2,568,000 after purchasing an additional 3,120 shares during the last quarter. Cantor Fitzgerald L. P. increased its stake in shares of Invesco QQQ by 3.6% in the fourth quarter. Cantor Fitzgerald L. P. now owns 3,526 shares of the exchange traded fund's stock worth $1,803,000 after buying an additional 123 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $10,052,000. Chapman Financial Group LLC bought a new position in Invesco QQQ during the 4th quarter valued at $573,000. Finally, Brown Advisory Inc. increased its position in shares of Invesco QQQ by 7.8% in the 4th quarter. Brown Advisory Inc. now owns 52,362 shares of the exchange traded fund's stock worth $26,769,000 after purchasing an additional 3,782 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.9 %

Invesco QQQ stock traded down $4.52 during midday trading on Tuesday, hitting $481.41. The stock had a trading volume of 31,484,778 shares, compared to its average volume of 36,368,949. The business has a fifty day moving average price of $468.61 and a 200 day moving average price of $499.45. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The stock has a market cap of $301.68 billion, a P/E ratio of 28.58 and a beta of 1.11.

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 paid a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

About Invesco QQQ

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.