Grassi Investment Management Boosts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Grassi Investment Management boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,264 shares of the exchange traded fund’s stock after purchasing an additional 25 shares during the period. Grassi Investment Management’s holdings in Invesco QQQ were worth $5,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. HF Advisory Group LLC boosted its position in Invesco QQQ by 1.4% in the first quarter. HF Advisory Group LLC now owns 5,846 shares of the exchange traded fund’s stock worth $2,742,000 after purchasing an additional 80 shares during the last quarter. Beacon Financial Group lifted its position in shares of Invesco QQQ by 9.0% during the 1st quarter. Beacon Financial Group now owns 1,219 shares of the exchange traded fund’s stock valued at $571,000 after buying an additional 101 shares during the last quarter. Clare Market Investments LLC lifted its position in shares of Invesco QQQ by 12.2% during the 1st quarter. Clare Market Investments LLC now owns 17,767 shares of the exchange traded fund’s stock valued at $8,332,000 after buying an additional 1,929 shares during the last quarter. Johnson & White Wealth Management LLC lifted its position in shares of Invesco QQQ by 12.0% during the 1st quarter. Johnson & White Wealth Management LLC now owns 1,248 shares of the exchange traded fund’s stock valued at $585,000 after buying an additional 134 shares during the last quarter. Finally, Portside Wealth Group LLC lifted its position in shares of Invesco QQQ by 18.9% during the 1st quarter. Portside Wealth Group LLC now owns 1,695 shares of the exchange traded fund’s stock valued at $867,000 after buying an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $528.77 on Thursday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The business’s fifty day moving average price is $480.94 and its 200-day moving average price is $501.53. The stock has a market capitalization of $339.92 billion, a PE ratio of 32.66 and a beta of 1.18.

Invesco QQQ Cuts Dividend

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