MADDEN SECURITIES Corp Has $527,000 Stock Position in Invesco QQQ (NASDAQ:QQQ)

MADDEN SECURITIES Corp lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,124 shares of the exchange traded fund’s stock after selling 51 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Invesco QQQ were worth $527,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of 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 worth $5,879,434,000 after acquiring an additional 11,478,188 shares during the last quarter. NWI Management LP boosted its holdings in Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after acquiring an additional 3,648,000 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Invesco QQQ by 55,795.2% in 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 acquiring an additional 1,868,580 shares during the last quarter. Senator Investment Group LP bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $679,936,000. Finally, Artemis Wealth Advisors LLC increased its position in Invesco QQQ by 1,337.4% during the 4th 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 period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $530.70 on Tuesday. The firm has a market cap of $332.56 billion, a price-to-earnings 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. The firm has a 50 day moving average price of $484.30 and a two-hundred day moving average price of $502.02.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Investors 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.