SJS Investment Consulting Inc. Increases Stock Position in Invesco QQQ (NASDAQ:QQQ)

SJS Investment Consulting Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 11.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257 shares of the exchange traded fund’s stock after buying an additional 27 shares during the period. SJS Investment Consulting Inc.’s holdings in Invesco QQQ were worth $121,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. RAM Investment Partners LLC raised its position in shares of Invesco QQQ by 1.7% during the fourth quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund’s stock valued at $597,000 after buying an additional 20 shares during the last quarter. HighMark Wealth Management LLC lifted its position in shares of Invesco QQQ by 5.2% in the 4th quarter. HighMark Wealth Management LLC now owns 407 shares of the exchange traded fund’s stock worth $208,000 after acquiring an additional 20 shares during the period. Providence First Trust Co grew its holdings in shares of Invesco QQQ by 3.0% during the 4th quarter. Providence First Trust Co now owns 676 shares of the exchange traded fund’s stock worth $346,000 after purchasing an additional 20 shares in the last quarter. Diversified Enterprises LLC grew its holdings in shares of Invesco QQQ by 0.4% during the 4th quarter. Diversified Enterprises LLC now owns 5,240 shares of the exchange traded fund’s stock worth $2,679,000 after purchasing an additional 20 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC increased its position in shares of Invesco QQQ by 4.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 484 shares of the exchange traded fund’s stock valued at $247,000 after purchasing an additional 20 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.1%

Shares of NASDAQ QQQ opened at $530.70 on Tuesday. The firm has a market capitalization of $332.56 billion, a price-to-earnings ratio of 32.66 and a beta of 1.11. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The business has a fifty day simple moving average of $484.30 and a 200 day simple moving average of $502.02.

Invesco QQQ Cuts Dividend

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