Perennial Advisors LLC Has $2.32 Million Position in Invesco QQQ (NASDAQ:QQQ)

Perennial Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 19.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 4,939 shares of the exchange traded fund’s stock after purchasing an additional 814 shares during the quarter. Perennial Advisors LLC’s holdings in Invesco QQQ were worth $2,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC boosted its position in Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. NWI Management LP boosted its position in Invesco QQQ by 121.6% during the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC boosted its position in Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the last quarter. Senator Investment Group LP acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $679,936,000. Finally, Artemis Wealth Advisors LLC boosted its position in Invesco QQQ by 1,337.4% during the fourth quarter. Artemis Wealth Advisors LLC now owns 828,335 shares of the exchange traded fund’s stock valued at $423,470,000 after purchasing an additional 895,277 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $529.92 on Friday. The stock has a 50 day moving average price of $483.20 and a 200 day moving average price of $501.87. The stock has a market capitalization of $332.07 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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.

Invesco QQQ Company 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.