Circle Wealth Management LLC Has $25.84 Million Stock Holdings in Invesco QQQ $QQQ

Key Points

• Circle Wealth Management LLC has increased its holdings in Invesco QQQ by 5.5% during the first quarter, bringing its total investment in the ETF to approximately $25.84 million.
• Invesco QQQ is currently trading at $563.28 and has experienced a 1-year price range between $402.39 and $583.32.
• The fund recently announced a quarterly dividend of $0.5911 per share, representing a 0.4% yield for shareholders.

Circle Wealth Management LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,098 shares of the exchange traded fund's stock after purchasing an additional 2,894 shares during the period. Invesco QQQ accounts for approximately 0.6% of Circle Wealth Management LLC's holdings, making the stock its 18th biggest holding. Circle Wealth Management LLC's holdings in Invesco QQQ were worth $25,837,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in QQQ. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Invesco QQQ during the 4th quarter valued at about $36,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the 1st quarter valued at about $50,000. Westend Capital Management LLC acquired a new position in Invesco QQQ during the 1st quarter valued at about $51,000. Banque Transatlantique SA acquired a new position in Invesco QQQ during the 4th quarter valued at about $57,000. Finally, Blume Capital Management Inc. raised its position in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock valued at $57,000 after acquiring an additional 2,536 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ traded up $8.69 during mid-day trading on Friday, reaching $571.97. The stock had a trading volume of 51,413,030 shares, compared to its average volume of 46,061,000. The firm has a 50 day simple moving average of $557.92 and a two-hundred day simple moving average of $515.74. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 23rd were given a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 23rd.

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.