Three Seasons Wealth LLC Makes New $31.75 Million Investment in Invesco QQQ $QQQ

Key Points

• Three Seasons Wealth LLC acquired 57,556 shares of Invesco QQQ, valued at approximately $31.75 million, making it the firm's 5th largest position.
• Invesco QQQ's recent dividend payment was $0.5911, resulting in a yield of 0.4% on an annualized basis.
• The stock of Invesco QQQ has seen a 12-month price range from a low of $402.39 to a high of $598.14, reflecting its recent upward movement.

Three Seasons Wealth LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 57,556 shares of the exchange traded fund's stock, valued at approximately $31,752,000. Invesco QQQ accounts for approximately 3.6% of Three Seasons Wealth LLC's holdings, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Compass Financial Services Inc increased its position in shares of Invesco QQQ by 0.4% in the first quarter. Compass Financial Services Inc now owns 5,001 shares of the exchange traded fund's stock worth $2,345,000 after acquiring an additional 19 shares in the last quarter. MTM Investment Management LLC grew its position in Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares in the last quarter. Cutler Investment Counsel LLC grew its position in Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after purchasing an additional 21 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its position in Invesco QQQ by 1.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after purchasing an additional 22 shares in the last quarter. Finally, Riverbend Wealth Management LLC grew its position in Invesco QQQ by 0.3% during the first quarter. Riverbend Wealth Management LLC now owns 8,172 shares of the exchange traded fund's stock valued at $3,832,000 after purchasing an additional 22 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ traded up $4.03 on Friday, reaching $599.35. 58,129,765 shares of the company traded hands, compared to its average volume of 47,115,312. The stock's 50 day moving average price is $572.19 and its 200-day moving average price is $523.77. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $600.05.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.