Calton & Associates Inc. Has $18.89 Million Position in Invesco QQQ $QQQ

Key Points

• Calton & Associates Inc. increased its stake in Invesco QQQ by 61.2%, holding $18.89 million worth of shares, making it their second largest investment.
• Approximately 44.58% of Invesco QQQ's stock is owned by institutional investors, indicating strong interest from professional investors.
• The most recent quarterly dividend paid to stockholders was $0.5911 per share, reflecting an annualized yield of 0.4%.

Calton & Associates Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 61.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 40,278 shares of the exchange traded fund's stock after acquiring an additional 15,288 shares during the period. Invesco QQQ comprises about 4.3% of Calton & Associates Inc.'s portfolio, making the stock its 2nd largest holding. Calton & Associates Inc.'s holdings in Invesco QQQ were worth $18,887,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Alpine Bank Wealth Management purchased a new stake in shares of Invesco QQQ in the first quarter valued at $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the first quarter worth $51,000. Banque Transatlantique SA acquired a new position in Invesco QQQ during the fourth quarter worth $57,000. Blume Capital Management Inc. increased its stake in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after purchasing an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC increased its stake in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 0.8%

Shares of Invesco QQQ stock traded up $4.45 during trading on Wednesday, reaching $570.07. The company's stock had a trading volume of 53,894,696 shares, compared to its average volume of 45,122,504. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32. The business's fifty day moving average price is $563.53 and its 200-day moving average price is $517.73.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ Company 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.