TABR Capital Management LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,151 shares of the exchange traded fund's stock, valued at approximately $6,636,000. Invesco QQQ comprises 6.9% of TABR Capital Management LLC's portfolio, making the stock its 5th largest position.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ during the fourth quarter worth $36,000. Banque Transatlantique SA acquired a new position in Invesco QQQ in the fourth quarter valued at $57,000. Perritt Capital Management Inc bought a new stake in Invesco QQQ during the fourth quarter valued at $61,000. Finally, Frazier Financial Advisors LLC boosted its position in Invesco QQQ by 1,288.9% during the fourth quarter. Frazier Financial Advisors LLC now owns 125 shares of the exchange traded fund's stock valued at $64,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ stock traded up $5.06 during mid-day trading on Thursday, hitting $546.22. The company's stock had a trading volume of 43,614,634 shares, compared to its average volume of 38,801,030. The company's fifty day simple moving average is $505.63 and its 200-day simple moving average is $503.71. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $547.05.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%.
About Invesco QQQ
(
Free Report)
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.
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