Invesco QQQ (NASDAQ:QQQ) Stake Lifted by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 49.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,329 shares of the exchange traded fund’s stock after acquiring an additional 2,091 shares during the period. Simon Quick Advisors LLC’s holdings in Invesco QQQ were worth $2,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PayPay Securities Corp boosted its holdings in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ during the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the fourth quarter worth approximately $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ during the fourth quarter worth approximately $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the fourth quarter worth approximately $51,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $532.41 on Thursday. The stock has a market capitalization of $333.63 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The company has a 50 day moving average price of $488.16 and a 200 day moving average price of $502.45.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued 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.