Compagnie Lombard Odier SCmA Invests $555,000 in Invesco QQQ (NASDAQ:QQQ)

Compagnie Lombard Odier SCmA acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,184 shares of the exchange traded fund’s stock, valued at approximately $555,000.

Several other large investors have also modified their holdings of the stock. Proficio Capital Partners LLC lifted its holdings in shares of Invesco QQQ by 51,292.3% during the 4th 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 period. Ameriprise Financial Inc. increased its position in Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after purchasing an additional 756,990 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Invesco QQQ by 0.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock worth $1,593,354,000 after purchasing an additional 27,115 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after purchasing an additional 52,235 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund’s stock worth $1,124,614,000 after purchasing an additional 568,120 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $533.66 on Friday. The firm has a 50 day moving average price of $490.36 and a 200 day moving average price of $502.64. The company has a market cap of $334.42 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

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