Bleakley Financial Group LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,027 shares of the exchange traded fund's stock after selling 3,240 shares during the period. Invesco QQQ comprises approximately 1.1% of Bleakley Financial Group LLC's holdings, making the stock its 18th largest position. Bleakley Financial Group LLC's holdings in Invesco QQQ were worth $34,713,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $1,018,000. Grant Private Wealth Management Inc bought a new stake in Invesco QQQ in the fourth quarter worth about $815,000. Gemsstock Ltd. lifted its stake in Invesco QQQ by 266.4% in the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after purchasing an additional 213,400 shares during the last quarter. Tandem Investment Partners LLC bought a new stake in Invesco QQQ in the fourth quarter worth about $4,623,000. Finally, Wescott Financial Advisory Group LLC lifted its stake in Invesco QQQ by 1.8% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund's stock worth $75,071,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.1%
NASDAQ QQQ traded up $0.57 during trading on Wednesday, hitting $557.29. The stock had a trading volume of 49,265,170 shares, compared to its average volume of 39,504,481. Invesco QQQ has a one year low of $402.39 and a one year high of $560.80. The stock has a 50 day simple moving average of $529.97 and a 200 day simple moving average of $506.17.
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.
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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