Silvia Mccoll Wealth Management LLC Increases Holdings in Invesco QQQ (NASDAQ:QQQ)

Silvia Mccoll Wealth Management LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 32.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,804 shares of the exchange traded fund’s stock after acquiring an additional 683 shares during the quarter. Invesco QQQ makes up 1.0% of Silvia Mccoll Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Silvia Mccoll Wealth Management LLC’s holdings in Invesco QQQ were worth $1,315,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC raised 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. Ameriprise Financial Inc. raised its position in Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund’s stock worth $2,300,993,000 after purchasing an additional 756,990 shares during the period. Strategic Financial Concepts LLC raised its position in Invesco QQQ by 47,853.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. raised its position in Invesco QQQ by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund’s stock worth $1,593,354,000 after purchasing an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in Invesco QQQ by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund’s stock worth $1,239,886,000 after purchasing an additional 52,235 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $519.93 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81. The firm has a market capitalization of $325.81 billion, a P/E ratio of 30.62 and a beta of 1.11. The company’s 50-day moving average is $477.59 and its 200 day moving average is $501.08.

Invesco QQQ Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given 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.