Morton Capital Management LLC CA Buys 788 Shares of Invesco QQQ (NASDAQ:QQQ)

Morton Capital Management LLC CA boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 17.8% during the first quarter, Holdings Channel reports. The firm owned 5,223 shares of the exchange traded fund’s stock after acquiring an additional 788 shares during the quarter. Invesco QQQ makes up about 0.5% of Morton Capital Management LLC CA’s investment portfolio, making the stock its 20th biggest position. Morton Capital Management LLC CA’s holdings in Invesco QQQ were worth $2,449,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Proficio Capital Partners LLC grew 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. boosted its position in shares of Invesco QQQ by 20.2% in 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. boosted its position in shares of Invesco QQQ by 0.9% in 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 boosted its position in shares of Invesco QQQ by 2.2% in 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 boosted its position in shares of Invesco QQQ by 34.8% in 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. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3%

Shares of QQQ opened at $526.96 on Friday. The business’s 50 day moving average price is $492.58 and its 200-day moving average price is $502.75. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The stock has a market cap of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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