3Chopt Investment Partners LLC Takes $221,000 Position in Invesco QQQ (NASDAQ:QQQ)

3Chopt Investment Partners LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 471 shares of the exchange traded fund's stock, valued at approximately $221,000.

Several other large investors have also recently made changes to their positions in QQQ. Bridge Generations Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the 1st quarter worth $50,000. Banque Transatlantique SA bought a new position in shares of Invesco QQQ during the 4th quarter worth $57,000. Finally, Perritt Capital Management Inc bought a new position in shares of Invesco QQQ during the 4th quarter worth $61,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.3%

QQQ stock opened at $548.09 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $549.99. The stock has a fifty day moving average of $509.76 and a 200-day moving average of $503.88.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a dividend yield of 0.43%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.