Invesco QQQ (NASDAQ:QQQ) Holdings Increased by Wealth Management Partners LLC

Wealth Management Partners LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,483 shares of the exchange traded fund’s stock after purchasing an additional 342 shares during the quarter. Invesco QQQ accounts for approximately 7.9% of Wealth Management Partners LLC’s holdings, making the stock its 2nd biggest holding. Wealth Management Partners LLC’s holdings in Invesco QQQ were worth $17,108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Group Ltd. increased its position in shares of Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund’s stock worth $3,010,000 after acquiring an additional 4,835 shares during the period. Naples Global Advisors LLC increased its position in shares of Invesco QQQ by 8.8% during the first quarter. Naples Global Advisors LLC now owns 3,904 shares of the exchange traded fund’s stock worth $1,833,000 after acquiring an additional 315 shares during the period. L. Roy Papp & Associates LLP increased its position in shares of Invesco QQQ by 28.1% during the first quarter. L. Roy Papp & Associates LLP now owns 515 shares of the exchange traded fund’s stock worth $241,000 after acquiring an additional 113 shares during the period. HF Advisory Group LLC boosted its stake in shares of Invesco QQQ by 1.4% during the first quarter. HF Advisory Group LLC now owns 5,846 shares of the exchange traded fund’s stock valued at $2,742,000 after purchasing an additional 80 shares in the last quarter. Finally, Beacon Financial Group boosted its stake in shares of Invesco QQQ by 9.0% during the first quarter. Beacon Financial Group now owns 1,219 shares of the exchange traded fund’s stock valued at $571,000 after purchasing an additional 101 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $528.77 on Thursday. The firm’s 50 day moving average price is $480.94 and its 200-day moving average price is $501.53. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The company has a market cap of $339.92 billion, a PE ratio of 32.66 and a beta of 1.18.

Invesco QQQ Cuts Dividend

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