Orser Capital Management LLC Acquires Shares of 1,207 Invesco QQQ (NASDAQ:QQQ)

Orser Capital Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the first quarter, HoldingsChannel.com reports. The fund acquired 1,207 shares of the exchange traded fund’s stock, valued at approximately $566,000.

A number of other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC increased its position in shares of 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 valued at $5,879,434,000 after purchasing an additional 11,478,188 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of 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 valued at $2,300,993,000 after buying an additional 756,990 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of 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 valued at $2,103,184,000 after buying an additional 4,105,389 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of 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 valued at $1,593,354,000 after buying an additional 27,115 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of 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 valued at $1,239,886,000 after buying an additional 52,235 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.8%

Shares of Invesco QQQ stock opened at $523.21 on Tuesday. The company has a fifty day simple moving average of $478.83 and a 200-day simple moving average of $501.16. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The stock has a market cap of $327.87 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were issued a $0.7157 dividend. 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.