Shepherd Financial Partners LLC Purchases 579 Shares of Invesco QQQ (NASDAQ:QQQ)

Shepherd Financial Partners LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 4.7% during the 1st quarter, HoldingsChannel reports. The firm owned 12,887 shares of the exchange traded fund’s stock after purchasing an additional 579 shares during the quarter. Shepherd Financial Partners LLC’s holdings in Invesco QQQ were worth $6,043,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $51,000. Banque Transatlantique SA bought a new stake in shares of Invesco QQQ during the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $61,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 1.0%

QQQ opened at $529.08 on Wednesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The firm’s fifty day simple moving average is $496.20 and its 200 day simple moving average is $503.08.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were paid a $0.7157 dividend. 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.