CCG Wealth Management LLC Has $4.40 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

CCG Wealth Management LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.7% in the first quarter, HoldingsChannel.com reports. The firm owned 9,387 shares of the exchange traded fund’s stock after purchasing an additional 906 shares during the period. Invesco QQQ comprises about 2.6% of CCG Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. CCG Wealth Management LLC’s holdings in Invesco QQQ were worth $4,402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $51,000. Banque Transatlantique SA bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $57,000. Finally, Perritt Capital Management Inc bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $61,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.4%

QQQ stock opened at $526.83 on Friday. The business has a 50 day moving average of $500.57 and a 200-day moving average of $503.42. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued 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.