Christopher J. Hasenberg Inc Boosts Position in Invesco QQQ (NASDAQ:QQQ)

Christopher J. Hasenberg Inc boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,183 shares of the exchange traded fund's stock after buying an additional 11,593 shares during the quarter. Invesco QQQ accounts for about 10.0% of Christopher J. Hasenberg Inc's holdings, making the stock its 4th biggest holding. Christopher J. Hasenberg Inc's holdings in Invesco QQQ were worth $24,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. NWI Management LP boosted its holdings in Invesco QQQ by 121.6% in the fourth quarter. NWI Management LP now owns 648,000 shares of the exchange traded fund's stock valued at $331,277,000 after purchasing an additional 3,648,000 shares during the period. GAMMA Investing LLC boosted 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 valued at $8,777,850,000 after purchasing an additional 1,868,580 shares during the period. Senator Investment Group LP purchased a new position in Invesco QQQ in the fourth quarter valued at $679,936,000. Spear Holdings RSC Ltd purchased a new position in Invesco QQQ in the first quarter valued at $474,600,000. Finally, Asset Planning Services Inc. LA ADV increased its stake in shares of Invesco QQQ by 100,517.9% during the first quarter. Asset Planning Services Inc. LA ADV now owns 932,728 shares of the exchange traded fund's stock worth $437,375,000 after buying an additional 931,801 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.2%

Shares of NASDAQ:QQQ traded down $1.25 during trading on Friday, hitting $554.20. 39,558,757 shares of the company were exchanged, compared to its average volume of 39,410,558. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $557.63. The firm's 50 day moving average price is $525.75 and its 200-day moving average price is $505.74.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.

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.