Zhang Financial LLC Purchases 1,956 Shares of Invesco QQQ (NASDAQ:QQQ)

Zhang Financial LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 32.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,002 shares of the exchange traded fund’s stock after purchasing an additional 1,956 shares during the period. Zhang Financial LLC’s holdings in Invesco QQQ were worth $3,752,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. Chris Bulman Inc increased its position in Invesco QQQ by 20.4% in the 1st quarter. Chris Bulman Inc now owns 14,830 shares of the exchange traded fund’s stock valued at $6,954,000 after acquiring an additional 2,509 shares in the last quarter. Investment Partners Asset Management Inc. increased its position in Invesco QQQ by 29.4% in the 1st quarter. Investment Partners Asset Management Inc. now owns 4,124 shares of the exchange traded fund’s stock valued at $1,934,000 after acquiring an additional 938 shares in the last quarter. Laurel Wealth Advisors LLC increased its position in Invesco QQQ by 26.2% in the 1st quarter. Laurel Wealth Advisors LLC now owns 574 shares of the exchange traded fund’s stock valued at $269,000 after acquiring an additional 119 shares in the last quarter. Transform Wealth LLC increased its position in Invesco QQQ by 11.8% in the 1st quarter. Transform Wealth LLC now owns 3,518 shares of the exchange traded fund’s stock valued at $1,652,000 after acquiring an additional 371 shares in the last quarter. Finally, Mainsail Financial Group LLC increased its position in Invesco QQQ by 5.9% in the 1st quarter. Mainsail Financial Group LLC now owns 4,323 shares of the exchange traded fund’s stock valued at $2,027,000 after acquiring an additional 239 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.3%

QQQ opened at $532.41 on Thursday. The stock has a market capitalization of $333.63 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. The firm has a 50-day moving average price of $488.16 and a two-hundred day moving average price of $502.45.

Invesco QQQ Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a dividend of $0.7157 per share. 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.