Carlton Hofferkamp & Jenks Wealth Management LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,172 shares of the exchange traded fund's stock after acquiring an additional 605 shares during the quarter. Invesco QQQ makes up approximately 1.6% of Carlton Hofferkamp & Jenks Wealth Management LLC's holdings, making the stock its 15th largest position. Carlton Hofferkamp & Jenks Wealth Management LLC's holdings in Invesco QQQ were worth $4,074,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ in the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Invesco QQQ in the fourth quarter worth $36,000. Roxbury Financial LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $51,000. Finally, Banque Transatlantique SA acquired a new position in shares of Invesco QQQ in the 4th quarter worth approximately $57,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading Down 1.0%
QQQ traded down $5.21 during midday trading on Tuesday, hitting $529.08. The company had a trading volume of 41,752,700 shares, compared to its average volume of 38,448,220. The firm's 50-day simple moving average is $494.94 and its 200-day simple moving average is $502.90. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81.
Invesco QQQ Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.
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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