Caliber Wealth Management LLC KS Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Key Points

• Caliber Wealth Management LLC KS acquired 29,725 shares of Invesco QQQ, valued at approximately $13.94 million, making it the 8th largest position in their portfolio.
• Several institutional investors increased their stakes in Invesco QQQ, with Ameriprise Financial and Price T Rowe Associates raising their holdings significantly in recent quarters.
• Invesco QQQ announced a quarterly dividend of $0.5911 per share, resulting in an annualized dividend of $2.36 and a dividend yield of 0.42%.

Caliber Wealth Management LLC KS bought a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 29,725 shares of the exchange traded fund's stock, valued at approximately $13,939,000. Invesco QQQ makes up about 1.9% of Caliber Wealth Management LLC KS's investment portfolio, making the stock its 8th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bridge Generations Wealth Management LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ during the 1st quarter worth approximately $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ during the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $57,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.2%

Invesco QQQ stock traded up $1.28 during mid-day trading on Monday, reaching $567.65. 17,234,133 shares of the company were exchanged, compared to its average volume of 44,560,781. The firm's 50-day simple moving average is $539.14 and its two-hundred day simple moving average is $508.75. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $569.04.

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 dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Monday, June 23rd.

Invesco QQQ 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.