Northstar Advisory Group LLC Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Northstar Advisory Group LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 375.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 604 shares of the exchange traded fund’s stock after buying an additional 477 shares during the quarter. Northstar Advisory Group LLC’s holdings in Invesco QQQ were worth $283,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in QQQ. Farmers & Merchants Investments Inc. increased its holdings in Invesco QQQ by 1.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock worth $559,000 after acquiring an additional 20 shares in the last quarter. RAM Investment Partners LLC increased its stake in shares of Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock worth $597,000 after purchasing an additional 20 shares in the last quarter. HighMark Wealth Management LLC increased its stake in shares of Invesco QQQ by 5.2% during the fourth quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock worth $208,000 after purchasing an additional 20 shares in the last quarter. Providence First Trust Co raised its position in shares of Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock worth $346,000 after purchasing an additional 20 shares during the last quarter. Finally, Diversified Enterprises LLC lifted its stake in Invesco QQQ by 0.4% in the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock valued at $2,679,000 after buying an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 1.0%

QQQ stock opened at $529.92 on Monday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The business’s 50-day moving average is $483.20 and its 200 day moving average is $501.85. The stock has a market cap of $332.07 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11.

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 paid a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.