CRA Financial Services LLC Has $18.64 Million Stake in Invesco QQQ (NASDAQ:QQQ)

CRA Financial Services LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,751 shares of the exchange traded fund’s stock after acquiring an additional 1,086 shares during the quarter. Invesco QQQ makes up 3.2% of CRA Financial Services LLC’s investment portfolio, making the stock its 5th largest position. CRA Financial Services LLC’s holdings in Invesco QQQ were worth $18,640,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC increased its position in shares of Invesco QQQ by 22.0% during the first quarter. Opal Wealth Advisors LLC now owns 1,149 shares of the exchange traded fund’s stock valued at $539,000 after buying an additional 207 shares during the period. Robbins Farley increased its position in shares of Invesco QQQ by 835.6% during the first quarter. Robbins Farley now owns 9,268 shares of the exchange traded fund’s stock valued at $4,346,000 after buying an additional 10,528 shares during the period. Destiny Capital Corp CO increased its position in shares of Invesco QQQ by 70.7% during the first quarter. Destiny Capital Corp CO now owns 28,234 shares of the exchange traded fund’s stock valued at $13,239,000 after buying an additional 11,695 shares during the period. Tritonpoint Wealth LLC boosted its stake in Invesco QQQ by 5.2% during the first quarter. Tritonpoint Wealth LLC now owns 5,379 shares of the exchange traded fund’s stock worth $2,526,000 after acquiring an additional 264 shares in the last quarter. Finally, Matauro LLC boosted its stake in Invesco QQQ by 7.1% during the first quarter. Matauro LLC now owns 10,270 shares of the exchange traded fund’s stock worth $4,816,000 after acquiring an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $526.96 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company’s 50-day simple moving average is $492.58 and its 200 day simple moving average is $502.76. The firm has a market capitalization of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. 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.