Vestmark Advisory Solutions Inc. Purchases New Position in Invesco QQQ $QQQ

Vestmark Advisory Solutions Inc. acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 452 shares of the exchange traded fund's stock, valued at approximately $212,000.

Several other institutional investors also recently modified their holdings of QQQ. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the fourth quarter valued at $36,000. Alpine Bank Wealth Management acquired a new stake in shares of Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $51,000. Banque Transatlantique SA bought a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $57,000. Finally, Blume Capital Management Inc. grew its holdings in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 1.4%

QQQ traded down $7.83 on Tuesday, hitting $569.28. The company's stock had a trading volume of 53,368,393 shares, compared to its average volume of 43,500,540. The company's 50 day simple moving average is $555.76 and its 200-day simple moving average is $514.82. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $583.32.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

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.