Kraematon Investment Advisors Inc. Sells 78 Shares of Invesco QQQ (NASDAQ:QQQ)

Kraematon Investment Advisors Inc. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 502 shares of the exchange traded fund’s stock after selling 78 shares during the period. Kraematon Investment Advisors Inc.’s holdings in Invesco QQQ were worth $236,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 worth $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 worth $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 worth $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP bought a new stake in Invesco QQQ in the 4th quarter worth approximately $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 worth $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. 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 PE ratio of 32.66 and a beta of 1.11. The company has a 50 day simple moving average of $483.20 and a two-hundred day simple moving average of $501.87.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given 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.