Tritonpoint Wealth LLC Has $2.53 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Tritonpoint Wealth LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 5.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,379 shares of the exchange traded fund’s stock after buying an additional 264 shares during the period. Tritonpoint Wealth LLC’s holdings in Invesco QQQ were worth $2,526,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Matauro LLC grew its position in shares of Invesco QQQ by 7.1% during the 1st quarter. Matauro LLC now owns 10,270 shares of the exchange traded fund’s stock worth $4,816,000 after purchasing an additional 680 shares in the last quarter. Stock Yards Bank & Trust Co. grew its position in shares of Invesco QQQ by 1.1% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 11,909 shares of the exchange traded fund’s stock worth $5,584,000 after purchasing an additional 127 shares in the last quarter. Rye Brook Capital LLC grew its position in shares of Invesco QQQ by 98.4% during the 1st quarter. Rye Brook Capital LLC now owns 40,780 shares of the exchange traded fund’s stock worth $19,123,000 after purchasing an additional 20,230 shares in the last quarter. Marmo Financial Group LLC grew its position in shares of Invesco QQQ by 6.6% during the 1st quarter. Marmo Financial Group LLC now owns 5,927 shares of the exchange traded fund’s stock worth $2,779,000 after purchasing an additional 365 shares in the last quarter. Finally, Goldstone Financial Group LLC grew its position in shares of Invesco QQQ by 5.8% during the 1st quarter. Goldstone Financial Group LLC now owns 60,211 shares of the exchange traded fund’s stock worth $28,234,000 after purchasing an additional 3,279 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3%

Shares of NASDAQ:QQQ opened at $526.96 on Friday. The firm has a market cap of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11. The company’s 50 day moving average price is $492.58 and its two-hundred day moving average price is $502.76. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend 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.