BetterWealth LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 526 shares of the exchange traded fund's stock, valued at approximately $247,000.
Other large investors have also bought and sold shares of the company. Wilkins Miller Wealth Management LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth about $1,018,000. Synergy Investment Management LLC acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $723,000. Grant Private Wealth Management Inc bought a new stake in Invesco QQQ during the 4th quarter worth approximately $815,000. Tandem Investment Partners LLC acquired a new position in Invesco QQQ in the 4th quarter valued at approximately $4,623,000. Finally, Gemsstock Ltd. raised its stake in shares of Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after acquiring an additional 213,400 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ traded up $5.08 during mid-day trading on Friday, reaching $555.88. 26,443,524 shares of the company's stock were exchanged, compared to its average volume of 39,231,028. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $557.20. The business's fifty day moving average price is $519.53 and its 200-day moving average price is $504.75.
Invesco QQQ Cuts Dividend
The business 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 dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date is Monday, June 23rd.
Invesco QQQ Company Profile
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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.
Further Reading
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