Clarus Group Inc. Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Clarus Group Inc. bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,083 shares of the exchange traded fund's stock, valued at approximately $508,000.

Other large investors have also recently modified their holdings of the company. Wilkins Miller Wealth Management LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $1,018,000. Synergy Investment Management LLC bought a new position in Invesco QQQ in the 4th quarter valued at $723,000. Grant Private Wealth Management Inc bought a new position in Invesco QQQ in the 4th quarter valued at $815,000. Tandem Investment Partners LLC bought a new position in Invesco QQQ in the 4th quarter valued at $4,623,000. Finally, Gemsstock Ltd. grew its position in Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock valued at $150,046,000 after acquiring an additional 213,400 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded up $1.87 during mid-day trading on Friday, hitting $548.09. The company's stock had a trading volume of 57,440,636 shares, compared to its average volume of 38,990,169. The company has a 50 day moving average of $509.76 and a 200-day moving average of $504.06. Invesco QQQ has a one year low of $402.39 and a one year high of $549.99.

Invesco QQQ Cuts Dividend

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

Invesco QQQ 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.