Dogwood Wealth Management LLC Buys 563 Shares of Invesco QQQ (NASDAQ:QQQ)

Dogwood Wealth Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,952 shares of the exchange traded fund's stock after buying an additional 563 shares during the period. Invesco QQQ makes up approximately 3.9% of Dogwood Wealth Management LLC's holdings, making the stock its 5th biggest holding. Dogwood Wealth Management LLC's holdings in Invesco QQQ were worth $7,480,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ in the fourth quarter valued at $36,000. Alpine Bank Wealth Management acquired a new stake in Invesco QQQ in the first quarter valued at $50,000. Westend Capital Management LLC acquired a new stake in Invesco QQQ in the first quarter valued at $51,000. Finally, Banque Transatlantique SA acquired a new stake in Invesco QQQ in the fourth quarter valued at $57,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.1%

NASDAQ:QQQ opened at $552.34 on Wednesday. Invesco QQQ has a one year low of $402.39 and a one year high of $557.20. The firm's fifty day moving average price is $522.66 and its two-hundred day moving average price is $505.17.

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 paid a $0.5911 dividend. This represents a $2.36 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is 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.

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