Blue Zone Wealth Advisors LLC Purchases 2,431 Shares of Invesco QQQ (NASDAQ:QQQ)

Blue Zone Wealth Advisors LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.9% during the first quarter, Holdings Channel reports. The fund owned 43,727 shares of the exchange traded fund’s stock after buying an additional 2,431 shares during the quarter. Invesco QQQ comprises 5.7% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its largest position. Blue Zone Wealth Advisors LLC’s holdings in Invesco QQQ were worth $20,504,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky lifted its stake in Invesco QQQ by 17.3% in the first quarter. Independence Bank of Kentucky now owns 6,963 shares of the exchange traded fund’s stock valued at $3,265,000 after purchasing an additional 1,026 shares during the last quarter. Disciplined Investments LLC increased its position in shares of Invesco QQQ by 10.0% during the 1st quarter. Disciplined Investments LLC now owns 2,850 shares of the exchange traded fund’s stock valued at $1,336,000 after purchasing an additional 260 shares during the last quarter. Horizon Wealth Management LLC lifted its stake in Invesco QQQ by 4.9% in the first quarter. Horizon Wealth Management LLC now owns 129,329 shares of the exchange traded fund’s stock worth $60,645,000 after purchasing an additional 5,988 shares during the last quarter. Fortress Financial Group LLC boosted its stake in shares of Invesco QQQ by 2.0% during the first quarter. Fortress Financial Group LLC now owns 5,943 shares of the exchange traded fund’s stock valued at $2,787,000 after purchasing an additional 115 shares during the period. Finally, First National Corp MA ADV boosted its holdings in shares of Invesco QQQ by 0.9% during the first quarter. First National Corp MA ADV now owns 16,914 shares of the exchange traded fund’s stock worth $7,931,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.0%

NASDAQ:QQQ opened at $529.92 on Friday. 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 $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The company has a 50-day moving average price of $483.20 and a 200-day moving average price of $501.88.

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 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.