Brighton Jones LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 39,492 shares of the exchange traded fund's stock after acquiring an additional 1,144 shares during the quarter. Invesco QQQ accounts for about 0.6% of Brighton Jones LLC's holdings, making the stock its 28th biggest holding. Brighton Jones LLC's holdings in Invesco QQQ were worth $18,519,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in QQQ. Bridge Generations Wealth Management LLC bought a new stake in Invesco QQQ in the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Invesco QQQ during the 4th quarter valued at $36,000. Roxbury Financial LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at $37,000. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ in the 4th quarter worth $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ in the 4th quarter worth $57,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of QQQ stock traded down $0.09 during mid-day trading on Wednesday, reaching $528.99. The stock had a trading volume of 43,199,146 shares, compared to its average volume of 38,467,839. The stock's 50-day moving average price is $496.20 and its two-hundred day moving average price is $503.08. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.
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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