Christopher J. Hasenberg Inc Has $24.19 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Christopher J. Hasenberg Inc boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 51,183 shares of the exchange traded fund's stock after purchasing an additional 11,593 shares during the period. Invesco QQQ comprises 10.0% of Christopher J. Hasenberg Inc's investment portfolio, making the stock its 4th biggest position. Christopher J. Hasenberg Inc's holdings in Invesco QQQ were worth $24,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of Invesco QQQ by 20.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after buying an additional 756,990 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Invesco QQQ by 2.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after purchasing an additional 52,235 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Invesco QQQ by 34.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after acquiring an additional 568,120 shares during the period. GAMMA Investing LLC raised its holdings in Invesco QQQ by 55,795.2% in the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after buying an additional 1,868,580 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Invesco QQQ by 1.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after purchasing an additional 14,017 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1%

Shares of QQQ stock opened at $555.45 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $557.63. The company has a 50 day simple moving average of $525.75 and a two-hundred day simple moving average of $505.74.

Invesco QQQ Cuts Dividend

The business also recently announced 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 dividend yield of 0.43%.

About Invesco QQQ

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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