Blackhawk Capital Partners LLC. increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 55.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,461 shares of the exchange traded fund's stock after purchasing an additional 521 shares during the period. Blackhawk Capital Partners LLC.'s holdings in Invesco QQQ were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. May Hill Capital LLC acquired a new stake in Invesco QQQ during the first quarter worth about $212,000. Black Diamond Financial LLC bought a new stake in Invesco QQQ during the first quarter worth approximately $2,445,000. Geneva Partners LLC boosted its holdings in Invesco QQQ by 2.7% during the first quarter. Geneva Partners LLC now owns 7,333 shares of the exchange traded fund's stock worth $3,438,000 after buying an additional 193 shares in the last quarter. Lee Johnson Capital Management LLC bought a new stake in Invesco QQQ during the first quarter worth approximately $1,795,000. Finally, Investment Partners LTD. boosted its stake in Invesco QQQ by 16.5% in the 1st quarter. Investment Partners LTD. now owns 2,627 shares of the exchange traded fund's stock worth $1,232,000 after purchasing an additional 373 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.7%
QQQ stock traded up $3.91 during midday trading on Wednesday, reaching $556.25. The company had a trading volume of 42,940,948 shares, compared to its average volume of 39,424,508. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $557.57. The company has a 50 day moving average of $522.66 and a two-hundred day moving average of $505.17.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be given a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.43%.
Invesco QQQ Profile
(
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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