Invesco QQQ (NASDAQ:QQQ) Shares Bought by Proathlete Wealth Management LLC

Proathlete Wealth Management LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,020 shares of the exchange traded fund’s stock after buying an additional 1,695 shares during the period. Invesco QQQ comprises 4.8% of Proathlete Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Proathlete Wealth Management LLC’s holdings in Invesco QQQ were worth $13,152,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $1,018,000. Synergy Investment Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $723,000. Grant Private Wealth Management Inc acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $815,000. Tandem Investment Partners LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $4,623,000. Finally, Gemsstock Ltd. increased its holdings in shares of Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after buying an additional 213,400 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.0%

NASDAQ QQQ opened at $528.99 on Friday. The company has a 50 day moving average of $499.12 and a 200-day moving average of $503.35. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.

Invesco QQQ Cuts Dividend

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