Advisor OS LLC boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 32.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,270 shares of the exchange traded fund's stock after purchasing an additional 1,766 shares during the period. Advisor OS LLC's holdings in Invesco QQQ were worth $3,409,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at $36,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ in the 1st quarter valued at $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ in the 1st quarter valued at $51,000. Finally, Banque Transatlantique SA acquired a new position in Invesco QQQ in the 4th quarter valued at $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Trading Up 0.2%
QQQ traded up $1.20 during trading on Thursday, hitting $565.01. The company's stock had a trading volume of 42,156,201 shares, compared to its average volume of 40,549,944. The firm's 50 day moving average price is $538.24 and its 200-day moving average price is $508.49. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $566.24.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.42%.
Invesco QQQ 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.
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