Invesco QQQ (NASDAQ:QQQ) Shares Purchased by Atwood & Palmer Inc.

Atwood & Palmer Inc. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 191.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 502 shares of the exchange traded fund’s stock after buying an additional 330 shares during the quarter. Atwood & Palmer Inc.’s holdings in Invesco QQQ were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. Wealth Group Ltd. grew its holdings in shares of Invesco QQQ by 6.9% in the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund’s stock worth $810,000 after acquiring an additional 102 shares during the period. Tallon Kerry Patrick purchased a new stake in Invesco QQQ during the fourth quarter worth $4,904,000. Capital & Planning LLC boosted its position in Invesco QQQ by 5.0% during the fourth quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund’s stock worth $2,477,000 after purchasing an additional 229 shares in the last quarter. Naviter Wealth LLC grew its holdings in Invesco QQQ by 8.8% in the fourth quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock valued at $675,000 after purchasing an additional 107 shares during the last quarter. Finally, Eagle Capital Management LLC increased its position in shares of Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock valued at $31,025,000 after buying an additional 185 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.1%

NASDAQ:QQQ opened at $530.70 on Tuesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock has a fifty day simple moving average of $484.30 and a 200-day simple moving average of $502.02. The company has a market capitalization of $332.56 billion, a PE 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 given 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.