Brookwood Investment Group LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,048 shares of the exchange traded fund's stock, valued at approximately $2,367,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC lifted its position in Invesco QQQ by 3.9% in the first quarter. Jackson Hole Capital Partners LLC now owns 13,126 shares of the exchange traded fund's stock valued at $6,155,000 after purchasing an additional 487 shares during the period. Atria Investments Inc acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at approximately $67,455,000. Advisor OS LLC lifted its position in shares of Invesco QQQ by 32.1% during the 1st quarter. Advisor OS LLC now owns 7,270 shares of the exchange traded fund's stock valued at $3,409,000 after acquiring an additional 1,766 shares during the period. AJ Advisors LLC lifted its position in shares of Invesco QQQ by 3.7% during the 1st quarter. AJ Advisors LLC now owns 47,733 shares of the exchange traded fund's stock valued at $22,383,000 after acquiring an additional 1,713 shares during the period. Finally, NorthStar Asset Management LLC NJ lifted its position in shares of Invesco QQQ by 5.6% during the 1st quarter. NorthStar Asset Management LLC NJ now owns 6,130 shares of the exchange traded fund's stock valued at $2,875,000 after acquiring an additional 324 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ stock traded up $1.36 during midday trading on Friday, reaching $566.37. 30,579,821 shares of the company traded hands, compared to its average volume of 40,473,144. The firm's 50 day simple moving average is $539.14 and its two-hundred day simple moving average is $508.80. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $567.70.
Invesco QQQ Cuts Dividend
The business also recently disclosed 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 0.42%.
Invesco QQQ Profile
(
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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