LexAurum Advisors LLC Buys 39 Shares of Invesco QQQ (NASDAQ:QQQ)

LexAurum Advisors LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 0.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,188 shares of the exchange traded fund’s stock after purchasing an additional 39 shares during the quarter. Invesco QQQ comprises 1.0% of LexAurum Advisors LLC’s investment portfolio, making the stock its 24th largest holding. LexAurum Advisors LLC’s holdings in Invesco QQQ were worth $5,246,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Proficio Capital Partners LLC grew its position in Invesco QQQ by 51,292.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund’s stock valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. NWI Management LP grew its position in Invesco QQQ by 121.6% in the 4th quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund’s stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC grew its position in Invesco QQQ by 55,795.2% in the 1st quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund’s stock valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP acquired a new stake in Invesco QQQ in the 4th quarter valued at $679,936,000. Finally, Artemis Wealth Advisors LLC grew its position in Invesco QQQ by 1,337.4% in 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. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 1.0%

NASDAQ QQQ opened at $529.92 on Friday. The company has a fifty day simple moving average of $483.20 and a 200 day simple moving average of $501.87. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The company has a market cap of $332.07 billion, a P/E ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently declared 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 of this dividend was Monday, March 24th.

Invesco QQQ Company 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.