Adero Partners LLC Has $2.31 Million Position in Invesco QQQ (NASDAQ:QQQ)

Adero Partners LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,923 shares of the exchange traded fund’s stock after buying an additional 63 shares during the quarter. Adero Partners LLC’s holdings in Invesco QQQ were worth $2,309,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ in the 4th quarter valued at about $36,000. Roxbury Financial LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $37,000. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ in the 4th quarter valued at about $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ in the 4th quarter valued at about $57,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $526.96 on Monday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The firm has a market capitalization of $330.22 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. The business has a 50-day simple moving average of $492.58 and a 200 day simple moving average of $502.73.

Invesco QQQ Cuts Dividend

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