Regatta Capital Group LLC Increases Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Regatta Capital Group LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,772 shares of the exchange traded fund’s stock after acquiring an additional 82 shares during the quarter. Regatta Capital Group LLC’s holdings in Invesco QQQ were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Panoramic Capital Partners LLC acquired a new position in shares of Invesco QQQ during the first quarter worth about $473,000. International Private Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 5.9% during the first quarter. International Private Wealth Advisors LLC now owns 2,195 shares of the exchange traded fund’s stock worth $1,029,000 after purchasing an additional 122 shares in the last quarter. Investment Advisory Group LLC lifted its stake in shares of Invesco QQQ by 3.8% during the first quarter. Investment Advisory Group LLC now owns 5,706 shares of the exchange traded fund’s stock worth $2,675,000 after purchasing an additional 208 shares in the last quarter. Tounjian Advisory Partners LLC acquired a new position in shares of Invesco QQQ during the first quarter worth about $250,000. Finally, Northstar Advisory Group LLC lifted its stake in shares of Invesco QQQ by 375.6% during the first quarter. Northstar Advisory Group LLC now owns 604 shares of the exchange traded fund’s stock worth $283,000 after purchasing an additional 477 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $530.70 on Tuesday. The stock’s 50-day moving average is $484.30 and its two-hundred day moving average is $502.02. The stock has a market cap of $332.56 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

Invesco QQQ 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.