Childress Capital Advisors LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,168 shares of the exchange traded fund's stock, valued at approximately $547,000.
Several other institutional investors have also added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Invesco QQQ during the fourth quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth $51,000. Banque Transatlantique SA acquired a new position in shares of Invesco QQQ during the fourth quarter worth $57,000. Finally, Perritt Capital Management Inc bought a new stake in Invesco QQQ during the 4th quarter worth $61,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Trading Up 0.9%
QQQ stock traded up $4.82 during midday trading on Monday, reaching $531.65. 49,844,913 shares of the stock were exchanged, compared to its average volume of 38,683,243. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The company has a fifty day moving average price of $500.57 and a 200 day moving average price of $503.16.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a dividend of $0.5911 per share. The ex-dividend date is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.44%.
Invesco QQQ Company 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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