Tilia Fiduciary Partners Inc. Acquires 296 Shares of Invesco QQQ (NASDAQ:QQQ)

Tilia Fiduciary Partners Inc. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 27.8% during the first quarter, HoldingsChannel.com reports. The fund owned 1,361 shares of the exchange traded fund’s stock after buying an additional 296 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Invesco QQQ were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Proficio Capital Partners LLC grew its position in shares of Invesco QQQ by 51,292.3% in the fourth 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 in the last quarter. NWI Management LP grew its position in shares of Invesco QQQ by 121.6% in the fourth 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 in the last quarter. GAMMA Investing LLC grew its position in shares of Invesco QQQ by 55,795.2% in the first 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 in the last quarter. Senator Investment Group LP purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $679,936,000. Finally, Artemis Wealth Advisors LLC grew its position in shares of Invesco QQQ by 1,337.4% in the fourth 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 in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.0%

Invesco QQQ stock opened at $529.92 on Friday. The stock has a market cap of $332.07 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 $483.20 and a 200 day simple moving average of $501.87. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.