Creative Capital Management Investments LLC Increases Position in Invesco QQQ (NASDAQ:QQQ)

Creative Capital Management Investments LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 214.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 396 shares of the exchange traded fund’s stock after buying an additional 270 shares during the quarter. Creative Capital Management Investments LLC’s holdings in Invesco QQQ were worth $186,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ in the fourth quarter valued at $36,000. Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $51,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ in the fourth quarter valued at $57,000. Finally, Perritt Capital Management Inc purchased a new stake in Invesco QQQ in the fourth quarter valued at $61,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.0%

NASDAQ:QQQ opened at $529.08 on Wednesday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The firm’s fifty day moving average is $496.20 and its two-hundred day moving average is $503.08.

Invesco QQQ Cuts Dividend

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