B&D White Capital Company LLC increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 239.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 11,123 shares of the exchange traded fund's stock after purchasing an additional 7,851 shares during the period. B&D White Capital Company LLC's holdings in Invesco QQQ were worth $5,224,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $36,000. Alpine Bank Wealth Management purchased a new stake in Invesco QQQ during the 1st quarter valued at approximately $50,000. Westend Capital Management LLC purchased a new stake in Invesco QQQ during the 1st quarter valued at approximately $51,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $57,000. Finally, Blume Capital Management Inc. raised its stake in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of QQQ stock opened at $571.97 on Friday. The stock has a 50 day simple moving average of $557.92 and a 200-day simple moving average of $515.81. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $583.32.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.
About Invesco QQQ
(
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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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