Albion Financial Group UT Acquires 10,215 Shares of Invesco QQQ (NASDAQ:QQQ)

Albion Financial Group UT grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 50.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,526 shares of the exchange traded fund's stock after buying an additional 10,215 shares during the quarter. Invesco QQQ accounts for about 1.0% of Albion Financial Group UT's holdings, making the stock its 29th biggest position. Albion Financial Group UT's holdings in Invesco QQQ were worth $14,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the 4th quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at about $36,000. Alpine Bank Wealth Management bought a new position in shares of Invesco QQQ during the first quarter valued at about $50,000. Westend Capital Management LLC bought a new position in shares of Invesco QQQ during the first quarter valued at about $51,000. Finally, Banque Transatlantique SA purchased a new position in Invesco QQQ during the fourth quarter worth about $57,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.6%

QQQ stock traded up $3.55 during trading on Monday, reaching $551.64. The stock had a trading volume of 45,304,649 shares, compared to its average volume of 39,032,852. Invesco QQQ has a one year low of $402.39 and a one year high of $552.73. The company's 50 day moving average is $509.76 and its two-hundred day moving average is $503.72.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.

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.