Cary Street Partners Financial LLC Has $9.68 Million Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Key Points

• Cary Street Partners Financial LLC increased its holdings in Invesco QQQ by 5.0% during the 1st quarter, owning 20,636 shares valued at approximately $9.68 million.
• Invesco QQQ stock has shown a 1.8% increase, with a current trading range between a fifty-two week low of $402.39 and a high of $574.63.
• The company's quarterly dividend was recently announced at $0.5911, resulting in an annualized dividend yield of 0.4%.

Cary Street Partners Financial LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,636 shares of the exchange traded fund's stock after acquiring an additional 974 shares during the quarter. Cary Street Partners Financial LLC's holdings in Invesco QQQ were worth $9,677,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of QQQ. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco QQQ in the 4th quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the 1st quarter worth approximately $51,000. Finally, Banque Transatlantique SA bought a new stake in Invesco QQQ during the 4th quarter valued at $57,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.8%

Invesco QQQ stock opened at $564.10 on Tuesday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $574.63. The firm's fifty day moving average price is $545.11 and its 200-day moving average price is $510.97.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a $0.5911 dividend. The ex-dividend date was Monday, June 23rd. This represents a $2.36 annualized dividend 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.

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