Morey & Quinn Wealth Partners LLC Purchases 123 Shares of Invesco QQQ (NASDAQ:QQQ)

Morey & Quinn Wealth Partners LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 793 shares of the exchange traded fund’s stock after purchasing an additional 123 shares during the period. Morey & Quinn Wealth Partners LLC’s holdings in Invesco QQQ were worth $372,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in QQQ. Wealth Group Ltd. increased its holdings in Invesco QQQ by 6.9% during the 4th quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund’s stock worth $810,000 after purchasing an additional 102 shares in the last quarter. Tallon Kerry Patrick bought a new position in Invesco QQQ during the 4th quarter worth about $4,904,000. Capital & Planning LLC increased its holdings in Invesco QQQ by 5.0% during the 4th quarter. Capital & Planning LLC now owns 4,844 shares of the exchange traded fund’s stock worth $2,477,000 after purchasing an additional 229 shares in the last quarter. Naviter Wealth LLC increased its holdings in Invesco QQQ by 8.8% during the 4th quarter. Naviter Wealth LLC now owns 1,320 shares of the exchange traded fund’s stock worth $675,000 after purchasing an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC increased its holdings in Invesco QQQ by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund’s stock worth $31,025,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3%

QQQ stock opened at $526.96 on Friday. The stock has a 50-day moving average price of $492.58 and a two-hundred day moving average price of $502.75. The stock has a market cap of $330.22 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.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date 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.